Wednesday, April 7, 2010 as of 11:14 AM ET
Opening arguments began Monday afternoon in the high-profile trial of Rajat K.
Gupta, a former director at Goldman Sachs and Procter & Gamble, accused of insider trading.Assistant U.S. Attorney Reed Brodsky, the chief prosecutor in the case, said the government plans to call former Goldman banker Byron Trott to the stand this week.Federal prosecutors have also hinted they may call other notables like Goldman Sachs CEO Lloyd Blankfein as well as Berkshire Hathaway's Warren Buffett. Their names were included in court filings by federal prosecutors and defense lawyers made public May 17.Gupta is charged with five counts of securities fraud and one count of conspiracy. If convicted, he faces up to 25 years in prison. He has pleaded not guilty.Earlier Monday, a jury of 12 New Yorkers and four alternates were chosen. They include a fourth grade teacher, a physician's assistant and an executive at a nonprofit. The four man, eight woman group also includes a psychiatric nurse and a freelance b...Federal law enforcement officials say they have at least five years worth of insider-trading cases in the pipeline, a tally that could lead to hundreds of additional...
Remarks recently delivered by a senior enforcement official at the Securities and Exchange Commission suggest that securities regulators are now looking to expand th...
A California-based hedge fund manager was charged on Friday with making $900,000 illegally on inside information about three technology companies, the latest strand ...
The Securities and Exchange Commission on Friday charged a hedge fund manager and his firm for involvement with insider trading connected to the convicted Raj Rajara...
Richard Holwell, the federal judge in the Southern District of New York who presided over the insider trading trial of Raj Rajaratnam , former head of Galleon, is st...
U.S. prosecutors charged seven people, described as a circle of friends who formed a criminal club, with running a $62 million insider trading scheme - the latest sa...
Authorities arrested four people and will announce charges against several more on Wednesday as part of the government's sweeping probe into insider trading at hedge...
Lawyers for multimillionaire hedge fund founder Raj Rajaratnam on Wednesday sought a delay of his prison sentence just five days before he was due to start serving 1...
Convicted hedge-fund titan Raj Rajaratnam will likely appeal the record penalty handed down by the Securities and Exchange Commission last week on civil insider trad...
Disgraced hedge fund manager Raj Rajaratnam was slapped with a record $92.8 million civil penalty Tuesday by the Securities and Exchange Commission .Rajaratnam, a fo...
Disgraced hedge fund manager Raj Rajaratnam was slapped with a record $92.8 million civil penalty Tuesday by the Securities and Exchange Commission .Rajaratnam, a fo...
FBN’s Adam Shapiro on Galleon Group Founder Raj Rajaratnam ordered to pay $92.8 million as a penalty for insider trading .
Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in...
The Galleon Group hedge fund wasn't alone in piling into Goldman Sachs Group Inc. stock hours before the bank announced a $5 billion investment from Warren Buffett's...
How concerned is Wall Street about the ongoing insider-trading crackdown?Judging from the attendance last night for an event at the Harvard Club in midtown Manhattan...
DOW JONES NEWSWIRESFederal prosecutors have added another insider-trading charge against former Goldman Sachs Group (GS) and Procter & Gamble Co. (PG) director Rajat...
The high-profile federal insider trading investigations that have so far netted 64 arrests and 59 convictions or guilty pleas call to mind the state trooper hiding j...
How hard are federal law enforcement officials looking at Steve Cohen and his massive hedge fund, SAC Capital, in their wide-ranging insider-trading investigation?Ha...
All of the good publicity flowing from the crackdown on insider trading has one of the nation’s top law enforcement officials looking at what he might do in the futu...
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