Hedge Fund

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

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

Govt: Galleon Founder Wanted Edge In Stock Trading

The trial was set to resume Monday in Manhattan federal court for Galleon Group founder Raj Rajaratnam. He’s the only one of more than two dozen people charged in the insider trading crackdown to face trial. Nineteen have pleaded guilty.

03/14/2011

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

Accused Hedge Fund Boss’s Trial Could Start Today

Rajaratnam was represented in court by seven lawyers as a pool of about 100 potential jurors was questioned by Holwell to make sure they had no personal history or biases that would interfere with their ability to judge the case fairly.

03/09/2011

Raj Rajaratnam (credit: CBS 2)

Jury Selection To Begin In NY Insider Trading Trial

Raj Rajaratnam of New York City was to be introduced Tuesday to some of the prospective jurors in the pool available to hear the case.

03/08/2011

Federal Courthouse - New York, NY - File / Photo: Mario Tama/Getty Images

More Charges in Insider Trading Probe

Federal authorities expanded their crackdown on insider trading that masks itself as legitimate market research.

02/08/2011

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

Defendant Pleads Guilty In New York Hedge Fund Case

A co-defendant of hedge fund operator Raj Rajaratnam pleaded guilty Wednesday to federal charges in a case that has led to an ever-widening probe of insider trading within the securities industry.

01/19/2011

Raj Rajaratnam (credit: CBS 2)

Big New York Insider Trading Probe Spawns Another

The Galleon investigation marked the first time that federal authorities used wiretaps in an insider trading probe.

11/26/2010

Raj Rajaratnam (credit: CBS 2)

Judge: Wiretaps OK In Galleon Probe

Rajaratnam has pleaded not guilty. His lawyers have said any trades he executed resulted from information in the public domain.

11/24/2010

Feds Raid 3 Hedge Funds Linked To Trading Probe

WASHINGTON (AP) – The Federal Bureau of Investigation has raided three hedge funds linked to a broader insider-trading probe, law enforcement officials said Monday. Bureau employees searched the New York offices of Level Global Investors […]

11/22/2010

Former senior vice president of IBM Robert Moffat enters Manhattan federal court for his sentencing, Monday, Sept. 13, 2010, in New York. Moffat  pleaded guilty for his role in the Galleon Group insider trading case. (AP Photo/ Louis Lanzano)

Ex-IBM Exec Gets 6 Months In Prison

The 53-year-old Moffat of Ridgefield, Conn., was once considered a candidate for chief executive officer at International Business Machiones Corp.

09/13/2010

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