CBS2-Header-Logo WFAN 1010WINS WCBS tiny WLNYLogo

Galleon Group

Billionaire Galleon Group hedge fund cofounder Raj Rajaratnam departs Manhattan Federal Court - New York, NY - Mar 8, 2011 - Photo: Mario Tama/Getty Images

Bail Hearing For Hedge Fund Founder Raj Rajaratnam

The three-judge panel of the 2nd U.S. Circuit Court of Appeals in Manhattan did not indicate at Wednesday’s hearing which way it was leaning in the question over Raj Rajaratnam’s freedom.

11/30/2011

Billionaire Galleon Group hedge fund cofounder Raj Rajaratnam departs Manhattan Federal Court - New York, NY - Mar 8, 2011 - Photo: Mario Tama/Getty Images

Raj Rajaratnam Sentenced To 11 Years For Insider Trading

The Galleon Group founder also was fined $10 million. U.S. District Judge Richard J. Holwell announced the sentence after concluding that Rajaratnam made well over $50 million in profits from his illegal trades.

10/13/2011

Billionaire co-founder of Galleon Group Raj Rajaratnam enters federal court - New York - Apr 25, 2011 (credit: AP Photo/ Louis Lanzano)

Sentencing Set For Raj Rajaratnam, Hedge Fund Founder Convicted Of Insider Trading

If federal prosecutors have their way, Rajaratnam will get between 19 1/2 and 24 1/2 years in prison for what they say were more than $72 million in profits for himself and his Galleon Group of hedge funds.

10/09/2011

Danielle Chiesi (L) (credit: AP Photo/Andrew Burton)

Danielle Chiesi Sentenced To Prison In Insider Trading Case

Judge Richard Holwell said he wanted to send a warning to Wall Street; but he still gave Chiesi less than the 3 to 4 years that prosecutors had sought.

07/20/2011

Danielle Chiesi (L) (credit: AP Photo/Andrew Burton)

SEC Reaches Settlement With Insider Trading Convict Danielle Chiesi

Hedge fund manager Danielle Chiesi will be sentenced next week after pleading guilty in what prosecutors have said was the biggest hedge fund insider trading probe in history.

07/14/2011

Raj Rajaratnam arrives at federal court - New York, NY - Apr 29, 2011 (credit: AP Photo/Richard Drew)

Wiretaps Vital In Rajaratnam Insider Trading Conviction

The jury that returned a guilty verdict to all charges against a one-time billionaire hedge fund founder proved to have a voracious appetite for the audiotapes of him talking to fellow traders and friends at public companies about stocks he wanted to trade.

05/12/2011

Billionaire Galleon Group hedge fund cofounder Raj Rajaratnam departs Manhattan Federal Court - New York, NY - Mar 8, 2011 - Photo: Mario Tama/Getty Images

Raj Rajaratnam Convicted In Hedge Fund 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.

05/11/2011

Raj Rajaratnam arrives at federal court - New York, NY - Apr 29, 2011 (credit: AP Photo/Richard Drew)

Jury Goes Home For Weekend In Hedge Fund Insider Trading Case Against Raj Rajaratnam

The judge let jurors leave early on Friday. It was their fifth day of weighing the fate of the hedge fund manager.

04/29/2011

Raj Rajaratnam enters Federal Court - New York, NY - Apr 12, 2011 (credit: Spencer Platt/Getty Images)

Still No Verdict In Insider Trading Trial Of Raj Rajaratnam

Jurors spent part of Tuesday listening again to secretly recorded phone calls of Rajaratnam and other Wall Street insiders talking about the financial prospects for publicly traded companies.

04/26/2011

Billionaire co-founder of Galleon Group Raj Rajaratnam enters federal court - New York - Apr 25, 2011 (credit: AP Photo/ Louis Lanzano)

Jury Begins Deliberating In Raj Rajaratnam Hedge Fund Insider Trading Case

A jury has begun deliberating at the trial of a hedge fund founder accused of making tens of millions of dollars through insider trading.

04/25/2011

Billionaire Galleon Group hedge fund cofounder Raj Rajaratnam departs Manhattan Federal Court - New York, NY - Mar 8, 2011 - Photo: Mario Tama/Getty Images

Both Sides Present Closing Arguments In Hedge Fund Insider Trading Trial

One-time billionaire Raj Rajaratnam listened quietly as prosecutors have labeled him a Wall Street cheater. His own lawyers insist he acted honorably. A jury will be left to decide who’s right.

04/20/2011

Raj Rajaratnam (credit: CBS 2)

NY Prosecutors: Insider Trading Tips Cited On Tape

A Wall Street hedge fund manager bragged in a 2008 conference call about making a massive illegal trade only moments before the market closed, according to prosecutors.

03/31/2011

Billionaire Galleon Group hedge fund cofounder Raj Rajaratnam departs Manhattan Federal Court - New York, NY - Mar 8, 2011 - Photo: Mario Tama/Getty Images

Admitted Inside Trader Testifies At NYC Trial

Adam Smith said Tuesday that Raj Rajaratnam’s Galleon firm used the information to “get an edge” on massive trades.

03/29/2011

Billionaire Galleon Group hedge fund cofounder Raj Rajaratnam departs Manhattan Federal Court - New York, NY - Mar 8, 2011 - Photo: Mario Tama/Getty Images

Goldman Sachs CEO Testifies At NYC Hedge Trial

Rajaratnam was accused at the federal trial of teaming up with workers in the hedge fund industry and employees of public companies to share inside information.

03/23/2011

Raj Rajaratnam (credit: CBS 2)

Key Witness On Deck At NYC Insider Trading Trial

Prosecutors said Rajiv Goel and the defendant, Raj Rajaratnam, were caught on a wiretap discussing a closed-door meeting in 2008 of the Intel board of directors.

03/22/2011

more