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Insider trading case nets four more

NEW YORK, Feb. 8 (UPI) -- U.S. authorities said they had charged four hedge fund employees with insider trading Tuesday, in an investigation that has netted 42 individuals so far.

Galleon case grows with 14 arrests

NEW YORK, Nov. 5 (UPI) -- Authorities charged 14 investors and attorneys with insider trading Thursday, expanding the case involving New York hedge fund Galleon Group.

Galleon Group reassures investors

NEW YORK, Oct. 20 (UPI) -- Galleon Group Tuesday reassured clients the New York firm was solvent despite its founder's arrest on insider trading charges.

Intel, IBM aided insider-trading probe

NEW YORK, Oct. 17 (UPI) -- New York billionaire Raj Rajaratnam was arrested for insider-trading with help from executives at IBM and Intel, federal prosecutors said.

H. Clinton aided by indicted financier

NEW YORK, Oct. 16 (UPI) -- Financier Raj Rajaratnam, who was indicted in New York Friday, was a major contributor to Hillary Clinton campaigns, records show.
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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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