Raj Rajaratnam, Hedge Fund | featured news

NYC jury convicts hedge fund founder of conspiracy, fraud in massive insider trading case

NYC jury convicts hedge fund founder of conspiracy, fraud in massive insider trading case

A former Wall Street titan was convicted Wednesday of making a fortune by coaxing a crew of corporate tipsters to give him an illegal edge on blockbuster trades in technology and other stocks — what prosecutors called the largest insider trading case ever involving hedge funds.

 

Galleon to Wind Down Hedge Funds

Galleon Group is winding down all its hedge funds, company founder Raj Rajaratnam told employees and investors in a letter. The decision comes after his arrest and charges in a massive insider-trading case.

 

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