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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: Galleon Group

Galleon Group stories: 4 news summaries

14 Charged as Galleon Insider Trading Case Widens

Feds finger Rajaratnam associates, lawyer

Nov 5, 09 1:13 PM CST
(Newser) - Two former Galleon Group employees and a Ropes & Gray lawyer were among 14 people charged today in the expanding insider trading case surrounding the hedge fund founded by Raj Rajaratnam, who was busted last month. The traders and lawyers snuck around, communicating in code over throwaway cellphones, but had... More »

MORE ABOUT:
Wall Street • US attorney • FBI • insider trading • Raj Rajaratnam • Galleon Group • Preet Bharara

 Feds Missed 
 Galleon Warning Signs 

JPMorgan warned that fund dealt in 'grey areas'

Oct 30, 09 10:10 AM CDT
(Newser) - The government says its star witness, Roomy Khan, was the first person to pass inside info to Galleon Group honcho Raj Rajaratnam, and went on to become a central part in his operation. Which is awkward, because Khan was prosecuted in 2000 for passing insider information to someone at Galleon—... More »

MORE ABOUT:
insider trading • JPMorgan Chase • Raj Rajaratnam • Galleon Group • Roomy Khan

Look Out, Wall Street:
Feds Using Wiretaps Now

Insider trading case against Galleon is first to use the tactic

Oct 17, 09 1:04 PM CDT
(Newser) - The bad boys of Wall Street better watch their mouths. Federal prosecutors used wiretaps to make their case against hedge fund giant Raj Rajaratnam this week, and they plan to use them again in similar investigations. Wiretaps may be common when going after the mafia, say, or terrorists, but their... More »

MORE ABOUT:
Wall Street • insider trading • hedge fund • wiretap • wiretapping • Raj Rajaratnam • Galleon Group

Hedge Fund Founder Nabbed for Insider Trading

Raj Rajaratnam's $3B Galleon Group trades tech stocks

Oct 16, 09 11:03 AM CDT
(Newser) - The founder of a $3 billion hedge fund and two other financial executives have been charged with insider trading, the Business Insider reports. Raj Rajaratnam, whose Galleon Group focuses on high tech stocks, was charged with conspiracy and fraud related to trades of Hilton and Google stock, among others. Execs... More »

MORE ABOUT:
insider trading • SEC • hedge fund • conspiracy • bank fraud • criminal charges • Securities and Exchange Commission • Raj Rajaratnam • Galleon Group

4 Stories


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