Wednesday, June 05, 2013
Anita Raghavan looks at Indian American’s ascent from immigrants to powerbrokers, and the downfall of the $7 billion hedge fund the Galleon Group after its founder, Raj Rajaratnam was charged with insider trading. In The Billionaire’s Apprentice, she tells the story of case against Rajaratnam and Rajat Gupta, his accomplice and mole.
Monday, May 21, 2012
By Ilya Marritz
A federal prosecutor says a former board member for Goldman Sachs and Procter & Gamble gave inside information to a billionaire hedge fund founder.
Wednesday, October 26, 2011
Former Goldman Sachs director Rajat Gupta surrendered to FBI officials on Wednesday morning. Gupta faces criminal charges in a massive hedge fund insider trading case. He has been under investigation over whether he leaked corporate secrets to Raj Rajaratnam, the co-founder of the hedge fund the Galleon Group. Rajaratnam was sentenced to 11 years in prison for trading on illegal stock tips earlier this month. Louise Story, Wall Street and finance reporter for The New York Times, has the latest details on the story.
Thursday, May 12, 2011
In what has amounted to one of the largest and most prominent cases of insider trading, a billionaire hedge fund manager was found guilty Wednesday of fraud and conspiracy by a federal jury in Manhattan. Raj Rajaratnam is the co-founder of the hedge fund Galleon Group — he was also considered one of the savviest traders on Wall Street. But for nine months, the federal government secretly recorded Rajaratnam’s phone conversations with traders and powerful corporate insiders. We get the back story with Louise Story, Wall Street and finance reporter for The New York Times.
Wednesday, May 11, 2011
Nassau County wants to grow its economy by going on a building spree, with a new hockey arena and a casino. If they build it, will the jobs come?
Wednesday, May 04, 2011
UBS Agrees to Multi-Million Dollar Settlement
The SEC and several states, including New York, have reached a multi-million dollar settlement with UBS over alleged fraud in municipal bond auctions. Without admitting guilt, the Swiss bank will make payments totaling $160 million to settle charges it defrauded local government bond issuers. The bank was accused of engaging in various forms of bid rigging and securities fraud from 2000 to 2004. New York City's Municipal Water Finance Authority is among the parties, and is now eligible to take part in a claims process. The settlement is the part of a long-running and still on-going investigation.
Wednesday, May 04, 2011
After one week of deliberations in the largest insider trading case related to hedge funds in history, jurors will restart.
Monday, May 02, 2011
The jury has entered its sixth day of deliberations while the hedge fund trader on trial, Raj Rajaratnam, goes into emergency surgery for a bacterial infection in his foot.
Tuesday, April 26, 2011
A jury has asked to listen again to wiretaps played during the largest insider trading case involving hedge funds in the U.S.
Monday, April 25, 2011
Stocks fell Monday on light volume a day after the Easter holiday. Investors pushed stocks down, worried that inflation could cut into corporate profits.
Thursday, April 21, 2011
The former billionaire hedge fund boss at the center of the biggest insider trading trial in U.S. history is being railroaded, according to defense lawyers.
Wednesday, April 20, 2011
In closing arguments at the trial of hedge fund trader Raj Rajaratnam, prosecutors reminded the jury of the 45 audio recordings they’d heard throughout the seven-week trial part of extensive wire tapping evidence used to expose what they called the one-time billionaire's "corporate spies."
Monday, April 18, 2011
The defense has rested in the insider trading trial of a hedge fund boss accused of making tens of million of dollars by profiting off secret information.