Raj Rajaratnam

Raj Rajaratnam

Raj Rajaratnam was the founder of the Galleon Group, one of the world's largest hedge funds. He and several others were arrested Oct. 16, 2009, in connection with a massive insider training scheme.

 
view more pictures
Source: Getty Images

Sorted by: Top Picks
NEW YORK (Reuters) - Raj Rajaratnam, the billionaire founder of Galleon Group, on Tuesday rejected federal insider trading charges, and accused the government of violating his constitutional rights with its use of wiretaps. Rajaratnam denied allegations in a U.S. Securities and Exchange Commission complaint that he conducted insider trading in securities of Advanced Micro Devices Inc, Akamai Technologies Inc, Clearwire Corp, Google Inc, Hilton Hotels Corp, Intel Corp, PeopleSupport Inc and Polycom Inc. He said he did not provide benefits to anyone in exchange for any alleged insider information, and that research by Galleon analysts was "more detailed and precise" than any inside information ... Read Full Story
(Reuters) - In a filing with the U.S. District Court for the Southern District of New York on Tuesday: * Lawyers for Galleon Group founder Raj Rajaratnam file answer to U.S. Securities and Exchange Commission complaint - court filing * Rajaratnam denies receiving or trading on basis of material non-public information in securities of Akamai Technologies Inc <AKAM.O> Advanced Micro Devices Inc <AMD.N> Clearwire Corp <CLWR.O> * Rajaratnam denies receiving or trading on basis of material non-public information in securities of Google Inc <GOOG.O> Hilton Hotels, Intel Corp <INTC.O> PeopleSupport, Polycom Inc <PLCM.O> * Rajaratnam says Galleon analysts' research was more detailed and precise ... Read Full Story
From:   www.ap.org
One of America's richest men is defending himself against a massive insider trading case by saying he did not cheat and the government misled a judge to obtain wiretaps. Billionaire hedge fund operator Raj Rajaratnam's (RAHJ rah-juh-RUHT'-nuhm) lawyers made the arguments in papers filed Tuesday in federal court in Manhattan. The Sri Lanka-born Rajaratnam is among 20 people charged in a $52 million insider trading case. The portfolio manager for the Galleon Group hedge fund remains free on $100 million bail. Rajaratnam's lawyers say he based trades on information that was already public. They also say the government misled a judge to surreptitiously tape ... Read Full Story
NEW YORK (Reuters) - Galleon Group founder Raj Rajaratnam and five others charged a month ago in the biggest U.S. hedge fund insider trading case will be in talks with prosecutors for at least another month over the allegations against them, court documents said on Monday. Prosecutors and lawyers for the six accused "have been engaged in, and are continuing, discussions concerning a possible disposition of these cases," according to documents filed in Manhattan federal court. Rajaratnam, a Sri Lankan-born billionaire, and the other five were arrested, charged and released on bail on October 16. They could be indicted, plead guilty or go to ... Read Full Story
NEW YORK (Reuters) - Galleon Group founder Raj Rajaratnam, accused in the biggest U.S. hedge fund insider trading case, has asked a federal court to unseal records of a 2001 criminal charge against former trader Roomy Khan, one of the government's cooperating witnesses. Khan, a former employee of Intel Corp <INTC.O>, was charged with one count of wire fraud in a federal court in California in 2001 and pleaded guilty in 2002, drawing a sentence of home confinement. "To ensure that Mr. Rajaratnam receives due process throughout the proceedings and a fair trial, it is vitally important that his counsel have access to the ... Read Full Story
Sorted by: Top Rated
Click to play video
Sorted by: Top Rated
No pictures yet.
If the modern-day cougar, as Emily Nussbaum recently wrote in New York, is classically defined as a "vain, horny, lacquered, mouthy" older woman, unapologetic about getting what she wants, then Danielle Chiesi is a prime example of the breed, according to today's oddly slut-shamey Bloomberg article on the 44-year-old New Castle analyst, who was recently charged as part of the Galleon insider-trading ring. According to her friends and...  
From nymag.com ()
Related news:
More perspectives...
NEW YORK (Reuters) - Raj Rajaratnam, the billionaire founder of Galleon Group, on Tuesday rejected federal insider trading charges, and accused the government of violating his constitutional rights with its use of wiretaps. (Read on Source)  
From megite.com ()
Related news:
More perspectives...
Raj Rajaratnam, the billionaire founder of the Galleon hedge fund accused by the US Securities and Exchange Commission of insider trading, has rejected the charges against him. In a court filing on Tuesday, Mr Rajaratnam denied the SEC's allegations and accused the government of violating his constitutional rights with its use of wiretaps....  
From ftalphaville.ft.com ()
Related news:
More perspectives...
He said he did not provide benefits to anyone in exchange for any alleged insider information, and that research by Galleon analysts was "more detailed and precise'' than any inside information he was alleged to obtain illegally. In his answer to the ...  
From search.msn.com ()
Related news:
More perspectives...
The Journal reports that Raj Rajaratnam was deposed by federal authorities in 2007 in an insider-trading investigation involving "an unrelated hedge fund." And by unrelated he means it was his brother Rengan's fund, Sedna Capital, which was described that year by Total Alternatives as a "Galleon spin-off." So this is why Raj argued yesterday that all that evidence the feds might've gathered re: insider trading at Galleon via wiretaps shouldn...  
From dealbreaker.com ()
Related news:
More perspectives...
Raj Rajaratnam has maintained his innocence since he was escorted out of his Sutton Place apartment almost two months ago and apparently that's the story he's sticking with. His lawyers rejected federal insider trading charges this morning, for several reasons. These are our favorite: 1) The government shouldn't have been allowed to wiretap him in the first place, because when it sought approval to do so, failed to mention it had already...  
From dealbreaker.com ()
More perspectives...
Galleon Group founder Raj Rajaratnam is challenging the wiretaps used in the government’s insider trading case against him. In a filing submitted in the civil case against him, Rajaratnam says the government used wiretaps without showing that conventional investigative techniques were inadequate, as required by federal law, the New York Times reports. Rajaratnam is represented by lawyers at Akin Gump Strauss Hauer & Feld, the American Lawyer...  
From feedburner.com ()
Related news:
More perspectives...
HONG KONG -- Galleon Group founder Raj Rajaratnam, currently fighting insider-trading allegations, was deposed by U.S. federal authorities in 2007 in another insider-trading investigation involving a...  
From story.chicagochronicle.com ()
Related news:
More perspectives...
Raj Rajaratnam, the billionaire investor, offered a glimpse of how he plans to contest the insider trading allegations against him as he attacked prosecutors’ use of court-authorised wiretaps and questioned the credibility of one of their key witnesses  
From ft.com ()
More perspectives...
Colombo — Billionaire hedge fund titan Raj Rajaratnam's shadow in Sri Lanka is so big that his arrest in the United States initially knocked 5 per cent off the local stock market. But ask about Mr. Rajaratnam on the island of his birth and few will ...  
From search.msn.com ()
Related news:
More perspectives...
Sponsors
Sorted by: Top Rated
  1
  2
  3
More From Zimbio
Copyright © 2009 - Zimbio, Inc. Some rights reserved.