Rengan Rajaratnam acquitted in insider trading case

Rengan Rajaratnam acquitted in insider trading case

NEW YORK, July 9 (UPI) --Hedge-fund manager Rengan Rajaratnam has been found not guilty of conspiring with his older brother Raj in insider trading.
Frances Burns

Rajat Gupta's lawyers contest conviction

NEW YORK, May 21 (UPI) -- Lawyers for former Goldman Sachs Group Inc. director Rajat Gupta are arguing in New York his insider trading conviction should be overturned.

What a turkey!

What a turkey! Yes, it's time for the first annual business page What a turkey! awards, given with gratitude and humility -- and plenty more from where they came.
ANTHONY HALL, United Press International

Gupta found guilty of insider trading

NEW YORK, June 15 (UPI) -- A federal jury in New York convicted former Goldman Sachs Group and Procter & Gamble director Rajat Gupta on insider trading charges Friday.

Rajat Gupta trial opens with jury selection

NEW YORK, May 21 (UPI) -- Eight women, four men and four alternates were seated Monday in the insider trading trial of a former director of Goldman Sachs and Procter & Gamble.

Goldman Sachs in insider info probe

NEW YORK, April 26 (UPI) -- U.S. investigators are looking into whether a Goldman Sachs Group executive tipped Galleon Group on pending deals, The Wall Street Journal reported Thursday.
Commentary: Communist boogeyman

Commentary: Communist boogeyman

WASHINGTON, Oct. 27 (UPI) -- Can the anti-capitalist “Occupy Wall Street” movement, now 2 months old split the Democrats as the Tea Party split the Republicans?

Billionaire turns himself in to FBI

NEW YORK, Oct. 26 (UPI) -- Billionaire executive Rajat Gupta turned himself into the FBI Wednesday in connection with the Galleon Group insider trading case, The New York Times reports.

$34.6M fine for missing Moody's analyst

NEW YORK, Aug. 24 (UPI) -- A federal judge in New York ordered former Moody's Investors Service analyst Deep Shah, now a fugitive, to pay $34.6 million to settle insider trading charges.

SEC drops complaint against Gupta

WASHINGTON, Aug. 5 (UPI) -- The Securities and Exchange Commission withdrew an insider trading complaint against a heavyweight player on New York's Wall Street: Rajat K. Gupta.

Three more traders convicted in New York

NEW YORK, June 13 (UPI) -- A New York jury convicted former Galleon hedge fund trader Zvi Goffer and two others of insider trading that added up to $20 million in illicit gains.
Hedging bets

Hedging bets

With the conviction of U.S. hedge fund manager Raj Rajaratnam, is it possible the list of the world's richest men has need of at least an asterisk or two?
ANTHONY HALL, United Press International

Galleon chief convicted on 14 counts

NEW YORK, May 11 (UPI) -- A federal jury in New York Wednesday declared hedge fund manager Raj Rajaratnam guilty on 14 counts connected with an insider trading scheme.

Rajaratnam's case goes to federal jury

NEW YORK, April 25 (UPI) -- Billionaire Raj Rajaratnam's insider-trading case in New York is in the hands of jurors who prosecutors said were instructed by the defense to "forget reality."

Former Goldman director charged

NEW YORK, March 1 (UPI) -- U.S. finance regulators said Tuesday insider trading charges were filed against Rajat Gupta, who has served on the board of directors at Goldman Sachs.
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Raj Rajaratnam is a Sri Lankan-born Tamil who founded the Galleon Group, a New York-based hedge fund management firm. On October 16, 2009, he was arrested by the FBI on allegations of insider trading, which also caused the Galleon Group to close. His attorney indicated that Rajaratnam would plead not guilty and fight the charges of insider trading in court. He stood trial in U.S. v Rajaratnam (09 Cr. 01184 RJH) in the United States District Court for the Southern District of New York, and on May 11, 2011, was found guilty on all 14 counts of conspiracy and securities fraud.

Rajaratnam was born in Colombo, Sri Lanka. According to the newspaper The Island he attended S. Thomas' College, Mount Lavinia, though other sources say he attended S. Thomas' Preparatory School, Kollupitiya. He moved to England to study engineering at the University of Sussex. He earned an M.B.A. from Wharton School of the University of Pennsylvania in 1983. He is married with three children and maintains residences in Connecticut, New York, and Florida.

According to Forbes magazine, Rajaratnam is a Tamil self-made billionaire hedge fund manager. He was the 236th richest American in 2009, with an estimated net worth of $1.8 billion. He was the 262nd richest American in 2008, with an estimated net worth of $1.5 billion. As of 2009 he was the richest Sri Lankan-born individual in the world.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Raj Rajaratnam."
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