US hedge fund manager Raj Rajaratnam has agreed to pay disgorgement of about $1.5 million in a civil lawsuit filed by the Securities and Exchange Commission, and to waive his right to appeal the judgment, court papers showed. Rajaratnam would make the payment, representing the profits obtained by unlawful means, to the SEC within 90 days after the entry of the final judgment in court records, according to a filing....
12:57 PM, Dec 27, 2012
New York: Lloyd Blankfein, the Chief Executive of Goldman Sachs Group Inc, told jurors at the insider-trading trial of one of the investment bank's former directors that "all parts" of a 2008 board meeting the two attended were confidential. "If something is discussed in a board meeting, it is confidential," Blankfein said, when asked about a June 2008 board meeting in St Petersburg, Russia, that he and defendant Rajat Gupta...
07:35 AM, Jun 05, 2012
New York: Raj Rajaratnam, a self-made hedge fund tycoon convicted in the biggest Wall Street trading scandal in a generation, was ordered to serve 11 years in prison, the longest sentence ever in an insider-trading case but far less than prosecutors sought. Thursday's sentencing caps a prosecution, marked by secret wiretaps of Rajaratnam and his associates that shocked the investment world. The Sri Lanka-born fund manager once stood atop a...
03:36 AM, Oct 14, 2011
New York: Galleon Group hedge fund founder Raj Rajaratnam has lost a bid to have his conviction thrown out after he was found guilty on insider trading charges in May. US District Court Judge Richard Holwell on Tuesday denied Rajaratnam's renewed attempt for a judgment of acquittal on his conviction by a Manhattan federal jury on five counts of conspiracy to commit securities fraud and nine counts of securities fraud....
07:18 AM, Aug 17, 2011
New York: Convicted hedge fund tycoon Raj Rajaratnam is no longer on trial, but his voice is going to be heard again in court on at least one phone tap in the trial of his former employee, Zvi Goffer, potential jurors were told on Monday. Rajaratnam's name dominated the questioning of scores of New Yorkers who could be among the 12 jurors selected for the five-week-long trial of Goffer and...
08:33 AM, May 17, 2011
New York: A US judge hearing the insider trading case involving Raj Rajaratnam on Tuesday ruled that the prosecution could not submit as evidence video-surveillance footage that shows a former Intel Corp employee faxing confidential information to the Galleon group founder. Judge Richard Holwell ruled against the admissibility of the footage a day after the defence and prosecution had argued about the admissibility of the two videotapes and faxed information....
10:27 PM, Apr 05, 2011
New York: Fund manager Raj Rajaratnam made $1 million in two minutes of frantic calls after receiving an inside tip about a big investment in Goldman Sachs Group Inc at the height of the financial crisis, prosecutors said at the Galleon founder's insider trading trial. In the biggest Wall Street insider trading case since the 1980s, US prosecutors have persistently pressed phone tap evidence that Rajaratnam had a direct line...
08:42 AM, Mar 31, 2011
New York: Goldman Sachs Group Inc chief Lloyd Blankfein testified that a former director at Wall Street's most powerful bank violated confidentiality by leaking boardroom secrets to hedge fund manager Raj Rajaratnam. Blankfein was called to testify by prosecutors in Manhattan federal court about Goldman's results in 2008, and a crucial investment that September by billionaire Warren Buffett at the height of the financial crisis - secrets that prosecutors said...
08:23 AM, Mar 24, 2011
New York: Regardless of whether Hedge Fund chief Raj Rajaratnam ends up testifying at his criminal trial, jurors are going to hear a lot from him. Testimony resumes on Monday in the biggest Wall Street insider trading trial in decades, with New York prosecutors expected to play more of the Galleon Group founder's phone calls tapped by the FBI. Rajaratnam is accused of making about $45 million in illegal profit...
12:13 PM, Mar 12, 2011
4 charged in America's largest ever insider trading case. ...
07:52 PM, Nov 06, 2009
Hedge fund investor's money may found its way to Tamil rebels. ...
07:05 PM, Oct 19, 2009
Lankan billionaire Rajaratnam's arrest brings skeletons tumbling out of closet. ...
12:56 PM, Oct 19, 2009
