Raj Rajaratnam, a self-made hedge fund tycoon convicted in the biggest Wall Street trading scandal in a generation. ...
07:59 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: Raj Rajaratnam, the hedge fund boss accused of insider trading, was found guilty on Wednesday by a federal jury in New York of conspiracy and securities fraud. The conviction, announced in Manhattan federal court, is a significant victory for federal prosecutors, who have been cracking down on insider trading in the wake of the financial crisis. Rajaratnam, the founder of Galleon Group, was accused of making $60 million ...
08:02 AM, May 12, 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: Prosecutors in the US' biggest insider trading case have released tapes of conversations between main suspect Raj Rajaratnam and four of his alleged co-conspirators, including two of Indian origin, in which he was allegedly receiving or directing stock tips. The secretly recorded telephone calls of 53-year-old Sri Lanka-born billionaire Rajaratnam, the Galleon Group founder, with Anil Kumar, a former director at McKinsey; Rajiv Goel, an ex-Intel executive; and...
02:27 PM, Mar 12, 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
New York: US prosecutors said a Morgan Stanley banker leaked information regarding an upcoming takeover that ultimately was passed on to Galleon Group LLC founder Raj Rajaratnam, who faces insider trading charges. Prosecutors also unveiled on Friday a new indictment against Rajaratnam, which added a new securities fraud count and named seven additional stocks that were part of an alleged conspiracy involving Rajaratnam to commit securities fraud. Among the newly...
10:59 AM, Jan 22, 2011
Rajaratnam was charged in a hedge fund scam along with Danielle Chiesi. ...
10:05 AM, Dec 22, 2009
Suspects sometimes behaved like gangsters on
The Sopranos. ...
12:42 PM, Nov 06, 2009
Hedge fund investor's money may found its way to Tamil rebels. ...
07:05 PM, Oct 19, 2009
