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Galleon Group

Ex-Goldman Director Sues SEC For Not Providing Jury Trial

Reuters | Posted 05.25.2011 | Business

NEW YORK (Reuters) - A former Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) director accused of leaking confidential boardroom ...

Biggest Insider Trading Trial In A Generation Begins

Posted 05.25.2011 | Business

NEW YORK (Reuters) - The biggest Wall Street insider trading criminal case in a generation goes to trial on Wednesday, when prosecutors open their cas...

Hedge Fund Manager Takes Huge Risk In His Own Trial

DealBook | Peter Lattman | Posted 05.25.2011 | Business

When Raj Rajaratnam was a hedge fund baron managing billions of dollars and being lionized as one of Wall Streets savviest investors, he was asked wha...

Ex-Goldman Sachs Board Member Accused Of Insider Trading

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Goldman Sachs former director Rajat K. Gupta has been charged with insider trading by the Securities and Exchange Commission, for allegedly giving a h...

Morgan Stanley Banker Investigated In Massive Insider Trading Sweep

Posted 05.25.2011 | Business

A Morgan Stanley banker named Kamal Ahmed is under investigation by U.S. authorities for leaking information regarding an upcoming takeover that ultim...

4 More Charged In Biggest Insider-Trading Case In U.S. History

Yahoo! Finance | Marcy Gordon, AP Business Writer | Posted 05.25.2011 | Business


FBI Raids Hedge Funds In Massive Insider Trading Probe

By Matthew Goldstein and Jonathan Stempel | Posted 05.25.2011 | Business

(Reuters) - The FBI raided three hedge funds in connection with a widening probe into insider trading, the Wall Street Journal said on Monday. Diam...

Ex-McKinsey Director Fined $2.8 MIllion In Galleon Settlement | Michael J. De La Merced | Posted 05.25.2011 | Business

A former executive at McKinsey & Company agreed Monday to pay $2.8 million to settle civil charges filed by the Securities and Exchange Commission, af...

Is the Morality Gene Missing?

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

The news reinforces my belief that there is something rotten at the core of the financial services industry. I am not discussing old news like Bernie Madoff. Here are some items that crossed my desk this week.

Roomy Khan, Galleon Insider Trading Informant, Gave Inside Info To Several Other Hedge Funds | REUTERS | Posted 05.25.2011 | Business

NEW YORK (Reuters) - Roomy Khan, one of several former traders cooperating with the prosecution of the biggest U.S. hedge fund insider trading case, t...

Modern Portfoolio Theory

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Money managers are always trying to get an edge. But how many have crossed the line with inside information?

Raj Rajaratnam: Denies Insider Trading Allegations, Says Trades Were Based On Analyst's Work

Bloomberg | David Scheer, Joshua Gallu and David Glovin | Posted 05.25.2011 | Business

Attorneys for Galleon Group founder Raj Rajaratnam denied a U.S. regulator's claims he engaged in insider trading, saying he based investments on anal...

Raja Rajaratnam, Billionaire Hedge Fund Founder, Sued For Links To Tamil Tigers

Reuters | Posted 05.25.2011 | World

NEW YORK (Reuters) - Accused billionaire Raja Rajaratnam, founder of the Galleon hedge fund, and his family's foundation were sued in a U.S. court on ...

Galleon Paid Banks $250 Million For Trading Edge: Financial Times | Henny Sender | Posted 05.25.2011 | Business

The Galleon hedge fund at the centre of an insider trading scandal paid hundreds of millions of dollars a year to its Wall Street banks and in return ...

Sources: SEC Gearing Up For Insider-Trading Crackdown

Bloomberg | By Joshua Gallu and David Scheer | Posted 05.25.2011 | Business

Federal investigators are gearing up to file charges against a wider array of insider-trading networks, some linked to the criminal case against billi...

Galleon Demise Spurned | Anthony Effinger, Katherine Burton and Ian King | Posted 05.25.2011 | Business

Danielle Chesi, a one-time sorority sister at the University of Colorado is a small fry compared with Rajaratnam, who managed $7 billion in 2008. Of a...

Roomy Khan: Galleon Insider Trading Informant Surces

Posted 05.25.2011 | Business

The name of the informant who tipped off authorities to one of the largest insider trading cases in history has surfaced. According to The New Yor...