Recent Event Highlights: Galleon prosecutors have held settlement talks, Galleon Group Lawyers To Argue Court Should Toss Evidence From Wiretaps, Twelfth Guilty Plea In Galleon Insider-Trading Case, Goldman Sachs insider trading, Dylan Ratigan, 04-15-10, Eighth accused pleads guilty in Rajaratnam case - Business Standard, Intel Exec Charged in Trading Scandal Leaves Company - eWeek, and 23 more...
Created by dipity on Oct 16, 2009
Last updated: 10/29/10 at 01:31 AM
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...by SEC NEW YORK (Reuters) - U.S. prosecutors have held talks to resolve more criminal cases related to the Galleon Group hedge fund insider trading case, focusing on a ring centered on onetime Schottenfeld Group LLC trader Zvi Goffer. In a July 13 declaration...
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FOX Business
http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/odPl-UUsvAM/
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...in New York to suppress evidence from government wiretaps that led to criminal insider trading charges against the hedge fund manager. The use of wiretaps in the Galleon case, the first time ever in an insider trading investigation, was seen as a significant...
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Forbes
http://blogs.forbes.com/streettalk/2010/07/26/galleon-group-lawyers-to-argue-court-should-toss-evidence-from-wiretaps/
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...it an even dozen for the Galleon Group insider-trading case prosecutors. David Plate, a former trader at Schottenfeld Group and hedge fund Incremental Capital and one of 21 people accused in the largest insider-trading scandal in U.S. history, pleaded guilty...
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FIN Alternatives
http://feedproxy.google.com/~r/Finalternatives/~3/UcxJ2ehFM7A/13245
Goldman Sachs director linked to insider trading, giving inside info to Raj Rajaratnam, billionaire hedge fund manager of the Galleon Group. Dylan Ratigan Show, 04-15-10.
SYS-CON Media (press release)Eighth accused pleads guilty in Rajaratnam caseBusiness StandardGalleon Group is a hedge fund with up to USD seven billion in assets under management. Out of illegal profits, Rajaratnam alone made USD 36 million from ...Another Galleon Player Pleads GuiltySYS-CON Media (press release)Hedge Fund Exec Pleads Guilty to Role in Massive Insider Trading ConspiracyEthiopian Reviewall 6 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.business-standard.com%2Findia%2Fnews%2Feighth-accused-pleads-guilty-in-rajaratnam-case%2F84497%2Fon&usg=AFQjCNEZGEo_bE4Ib0O5z4RdMY5wm4Yohw
Daily News & AnalysisIntel Exec Charged in Trading Scandal Leaves CompanyeWeekRajiv Goel, the Intel executive charged with giving inside information regarding Intel and Clearwire to a hedge fund manager, is no longer with the chip ...Intel employee linked to Galleon case left companyReutersIntel Manager Linked to Galleon Case Has Left CompanyBloombergIntel Turncoat Gone For Galleon CaseHedge Fund NetABC News -New York Times (blog)all 101 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.eweek.com%2Fc%2Fa%2FIT-Infrastructure%2FIntel-Exec-Charged-in-Trading-Scandal-Leaves-Company-244863%2F&usg=AFQjCNE0hCwOZ0mG0OKRd_F0-JdBizWZZw
Times LIVEPressure rises on Galleon insider trade defendantsReutersNEW YORK (Reuters) - Call it a race to the prosecutor's door or a form of water torture: an eighth guilty plea on Wednesday in the Galleon hedge fund ...Galleon Hedge Fund Fraud Case Claims 8th Guilty PleaHedgeCo.netGuilty Plea by Trader in Fraud CaseNew York TimesProsecutors Bolstering Galleon CaseWall Street JournalFinancial Times -The Journal News | LoHud.com -Bloombergall 206 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.reuters.com%2Farticle%2FidUSTRE60Q6Q120100127&usg=AFQjCNGP4oJze0Yn-zQNKBpgx50Ymv62lQ
HealthCor Said to Hire Ex-Galleon Portfolio Manager BernsteinBusinessWeek... hired Jeff Bernstein, who helped run the biggest hedge fund at Galleon Group LLC before it was shut down, said a person familiar with the matter. ...Ex- Galleon Fund Manager Joins HealthCorEmii.comall 4 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.businessweek.com%2Fnews%2F2010-01-25%2Fhealthcor-said-to-hire-ex-galleon-portfolio-manager-bernstein.html&usg=AFQjCNHMPJp9LMARlOX9sKcvhgySu5x4kg
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...asset manager that invests in health-care and life-sciences companies, hired Jeff Bernstein, who helped run the biggest hedge fund at Galleon Group LLC before it was shut down, said a person familiar with the matter. Bernstein, 49, started at the New York-based...
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Business Week
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http://www.businessweek.com/news/2010-01-25/healthcor-said-to-hire-ex-galleon-portfolio-manager-bernstein.html
Jan. 22 (Bloomberg) -- Bloomberg's Carol Massar reports on Galleon Group LLC founder Raj Rajaratnam's visit to a New York restaurant for lunch today. Rajaratnam was arrested in October as part of a first wave of charges accusing him of trading on leaks from corporate officials, hedge fund traders and other insiders. Seven other people, including ex-Galleon employee Zvi Goffer, were indicted yesterday by a federal grand jury following a second wave of insider trading arrests in November. Seven people have pleaded guilty so far in the two cases. Rajaratnam denies wrongdoing. (Source: Bloomberg)
Jan. 22 (Bloomberg) -- Galleon Group LLC founder Raj Rajaratnam, arrested in October as part of a first wave of charges accusing him of trading on leaks from corporate officials, hedge fund traders and other insiders, leaves a New York restaurant. Seven other people, including ex-Galleon employee Zvi Goffer, were indicted yesterday by a federal grand jury following a second wave of insider trading arrests in November. Seven people have pleaded guilty so far in the two cases. Rajaratnam denies wrongdoing. (Source: Bloomberg)
Bobsguide (press release)Seven People Indicted In Galleon Insider Trading ProbeWall Street Journal... led to criminal charges against a number of hedge-fund executives and managers, including Raj Rajaratnam, the founder of hedge-fund firm Galleon Group. ...Indictments Against 7 in Galleon Insider CaseNew York TimesSeven indicted in Galleon insider trading caseReutersGoffer, Drimal Among Seven Indicted in Galleon Trading CaseBusinessWeekHedge Fund Net -Courthouse News Serviceall 69 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FBT-CO-20100122-705427.html%3Fmod%3DWSJ_latestheadlines&usg=AFQjCNHvPulA6Y_e-FmUTToYBT3i9XPz9Q
Loch Capital Hurt By Galleon Ties, Report SaysNew York Times (blog)It seems that Loch Capital Management, a Boston-based hedge fund, may be the latest victim of the insider trading scandal surrounding the Galleon Group, ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fdealbook.blogs.nytimes.com%2F2010%2F01%2F21%2Floch-capital-hurt-by-galleon-ties-report-says%2F&usg=AFQjCNF69K6TQBx_T1Z9DtyGiS4FhfgvdQ
New York Daily NewsSEC eyes new charges against Galleon's RajaratnamReutersNEW YORK (Reuters) - The US Securities and Exchange Commission wants to expand its lawsuit in the widening Galleon hedge fund probe to add new charges ...Operators Snapping Up Talent From GalleonHedge Fund AlertSEC Seeks to Add New Insider Allegations Against RajaratnamWall Street JournalSEC Seeks New Charges Against RajaratnamNew York Times (blog)all 30 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.reuters.com%2Farticle%2FidUSTRE60J4JY20100120&usg=AFQjCNE2cjUJ3VD_dnJMDgVTYxUfE4G8lQ
ReutersProsecutors Near New Plea Bargain in Galleon CaseNew York Times (blog)The other original defendants — Galleon founder Raj Rajaratnam, one of the hubs of the burgeoning insider trading schemes, and former hedge fund consultant ...Former IBM, New Castle Executives Are in Galleon Case TalksBusinessWeekall 28 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fdealbook.blogs.nytimes.com%2F2010%2F01%2F15%2Findictment-of-3-galleon-defendants-is-delayed-again%2F&usg=AFQjCNHyhDpbp7DubEILM1dcKOP8K9gB1A
'Tipper X' Hangs Over GalleonWall Street JournalRaj Rajaratnam, the principal in the Galleon Group hedge-fund insider trading case, arrives at Manhattan Federal Court ...Comment: Hedge funds in the firing line as insider trading storm growsHedgeWeekSoros, Citadel Hire Hedge-Fund Analysts From GalleonBusinessWeekGalleon s Rajaratnam remains free on 36 100m bailMoneycontrol.comHedge Fund Net -New York Post -FINalternativesall 211 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052748703672104574654693200452698.html&usg=AFQjCNEYuOErFmihkOEEyODJsTxAQlFZnw
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...Jan. 11 (Bloomberg) -- Soros Fund Management LLC hired two analysts from Galleon Group LLC, the hedge-fund firm that closed after its billionaire founder Raj Rajaratnam was charged with insider trading, according to a person familiar with the matter. Eric...
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Business Week
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http://www.businessweek.com/news/2010-01-11/soros-said-to-hire-ex-galleon-analysts-wasserstrom-and-patel.html
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...Group LLC founder Rajaratnam was charged in one of the country's largest insider-trading case. Galleon Group is a hedge fund with up to $ 7 billion in assets under management. He received 12 charges, four counts of conspiracy and eight counts of security...
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Economic Times
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http://economictimes.indiatimes.com/news/international-business/Rajaratnam-profits-36-million-in-the-Galleon-hedge-fund-case/articleshow/5420508.cms
ABC NewsGalleon founder faces more US chargesFinancial Times... the billionaire founder of the Galleon hedge fund group of making at least $36m in illicit profits - more than twice the amount originally alleged. ...Guilty Plea in Galleon Insider Trading CaseNew York Times (blog)Ex-McKinsey partner pleads guilty in Galleon caseMarketWatchPlea possible Thursday for accused ex-McKinsey manReutersEconomic Times -HedgeCo.net -Wall Street Journalall 676 news articles »
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Our panel discusses the role of ethics in business by examining Attorney General Brown's lawsuit against State Street Bank and Trust for alleged fraud against calpers and calstrs, and the Galleon Group hedge fund insider-trading scandal unfolding in Silicon Valley. Guests: Andrew Ross, Business Columnist, SF Chronicle, Stu Woo, Reporter, Wall Street Journal, Sally Baack, Professor, College of Business, SFSU.
Bernard Hickey details the key news overnight in 90 seconds at 9am in association with ASB, including news that China's GDP rose 8.9% in the September quarter from the same quarter a year ago, which was stronger than the 7.9% growth recorded in the June quarter. However, China plans to continue pumping in more monetary and fiscal stimuli, the FT.com reported. This is good news for Australia, which is our largest trading partner, and for demand for commodities. China is now using its US dollar cashpile to buy access to commodities and technology, including in New Zealand. Meanwhile, our Reserve Bank is expected to hold the OCR next Thursday, but will be under pressure to drop its promise to leave the OCR at 2.5% until late 2010 as the economy recovers strongly. Meanwhile overseas, the US Federal Reserve has announced sweeping pay cuts for bank bosses as US voters revolt over new bonuses, Bloomberg reported. Also, Sri Lankan born hedge fund manager Raja Rajaratnam is being sued by victims of Tamil Tigers who say he backed the Sri Lankan rebel group. Rajaratnam is also accused of insider trading and his Galleon hedge fund is now being liquidated, Bloomberg reported.
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...which he started in 1996. Prosecutors who announced the case Friday said it was the largest ever brought against a hedge fund. The Securities and Exchange Commission, which brought separate civil charges, said the scheme generated more than $25 million in...
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Miami Herald
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http://www.miamiherald.com/business/breaking-news/story/1293095.html
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...The stocks of a few small companies could be unintended victims of Galleon Group's problems. Galleon, the hedge-fund manager whose founder, Raj Rajaratnam, was arrested Friday on charges of insider trading, recently owned 5.9 percent of the outstanding shares...
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Chicago Tribune
http://feeds.chicagotribune.com/~r/chicagotribune/business/~3/gYPqbNUvjbs/chi-biz-huron-galleon-oct19,0,86517.story
Billionaire Raj Rajaratnam who contributed to TRO, the LTTE front and to Hilary Clintons campaign has been arrested in the United States. ,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Sri Lankan born Rajaratnam is accused of operating an elaborate insider trading operation which made him one of the wealthiest men in the United States with an estimated net worth of 1.3 Billion US Dollars. He has been arrested along with five others. Rajaratnam is accused of giving more than 3.5 Million Dollars to the Tamil Rehabilitation Organisation (TRO). It is revealed that he had chanelled funds to the LTTE through his Galleon Group Hedge Fund launched during the 2004 Tsunami. Rajaratnam and his wife were also major contributors to a number of democratic campaigns. He had largely supported Hilary Clintons election campaign. In addition his associates formed a Tamil For Clinton Fund Raising Group for her Presidential campaign and sought her help in getting the Tamil tigers taken off the State Departments designated terror list. It was thereafter that Clinton said all terrorists cannot be treated alike.
Billionaire Raj Rajaratnam who contributed to TRO, the LTTE front and to Hilary Clintons campaign has been arrested in the United States. Sri Lankan born Rajaratnam is accused of operating an elaborate insider trading operation which made him one of the wealthiest men in the United States with an estimated net worth of 1.3 Billion US Dollars. He has been arrested along with five others. Rajaratnam is accused of giving more than 3.5 Million Dollars to the Tamil Rehabilitation Organisation (TRO). It is revealed that he had chanelled funds to the LTTE through his Galleon Group Hedge Fund launched during the 2004 Tsunami. Rajaratnam and his wife were also major contributors to a number of democratic campaigns. He had largely supported Hilary Clintons election campaign. In addition his associates formed a Tamil For Clinton Fund Raising Group for her Presidential campaign and sought her help in getting the Tamil tigers taken off the State Departments designated terror list. It was thereafter that Clinton said all terrorists cannot be treated alike.
Billionaire Raj Rajaratnam who contributed to TRO, the LTTE front and to Hilary Clintons campaign has been arrested in the United States. Sri Lankan born Rajaratnam is accused of operating an elaborate insider trading operation which made him one of the wealthiest men in the United States with an estimated net worth of 1.3 Billion US Dollars. He has been arrested along with five others. Rajaratnam is accused of giving more than 3.5 Million Dollars to the Tamil Rehabilitation Organisation (TRO). It is revealed that he had chanelled funds to the LTTE through his Galleon Group Hedge Fund launched during the 2004 Tsunami. Rajaratnam and his wife were also major contributors to a number of democratic campaigns. He had largely supported Hilary Clintons election campaign. In addition his associates formed a Tamil For Clinton Fund Raising Group for her Presidential campaign and sought her help in getting the Tamil tigers taken off the State Departments designated terror list. It was thereafter that Clinton said all terrorists cannot be treated alike.
Billionaire Raj Rajaratnam who contributed to TRO, the LTTE(tamil tiger terrorists) front and to Hilary Clintons campaign has been arrested in the United States. Sri Lankan born Rajaratnam is accused of operating an elaborate insider trading operation which made him one of the wealthiest men in the United States with an estimated net worth of 1.3 Billion US Dollars. He has been arrested along with five others. Rajaratnam is accused of giving more than 3.5 Million Dollars to the Tamil Rehabilitation Organisation (TRO). It is revealed that he had chanelled funds to the LTTE through his Galleon Group Hedge Fund launched during the 2004 Tsunami. Rajaratnam and his wife were also major contributors to a number of democratic campaigns. He had largely supported Hilary Clintons election campaign. In addition his associates formed a Tamil For Clinton Fund Raising Group for her Presidential campaign and sought her help in getting the Tamil tigers taken off the State Departments designated terror list. It was thereafter that Clinton said all terrorists cannot be treated alike.
Raj Rajaratnam, a portfolio manager for Galleon Group, a hedge fund with up to $7 billion in assets under management, was accused of conspiring with others to use insider information to trade securities in several publicly traded companies, including Google Inc. US Magistrate Judge Douglas F. Eaton set bail at $100 million to be secured by $20 million in collateral despite a request by prosecutors to deny bail. He also ordered Rajaratnam, who has both US and Sri Lankan citizenship, to stay within 110 miles of New York City.
Visit heavymovie.com to watch Raj rajaratnam the billionaire founder of New Yorkbased hedge fund Galleon Group, has been arrested. Things look pretty bad.
galleon hedge fund
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...and Robert Moffat (IBM)’s arrests were announced in the Galleon Group Hedge Fund case today. Prosecutors claim Galleon Group Hedge Fund founder Raj Rajaratnam was part of a $20 million insider trading scandal. Galleon Group Hedge Fund founder Raj Rajaratnam...
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Lalate News
http://news.lalate.com/2009/10/16/galleon-group-hedge-fund-arrest/
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Prosecutors and the FBI have announced that they have filed charges against several people involved with the Galleon Group hedge fund, including founder Raj Rajaratnam. Galleon is a major hedge hund player known for its investment in technology stocks.
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Clusterstock
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http://feedproxy.google.com/~r/clusterstock/~3/YGq5E_v0AYw/raj-rajaratnam-founder-of-3-billion-galleon-group-hedge-fund-arrested-2009-10
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...Rajaratnam, billionaire founder of the Galleon Group Hedge Fund was arrested Friday and charged with insider trading in the stocks of several companies, including Google (GOOG) and Hilton Hotels (BX). Rajaratnam was accused by federal prosecutors of illegally...
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FOX News
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http://feeds.foxnews.com/~r/foxnews/business/~3/mITpA9bo1PU/
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...is an owner of Mazurs Marketplace and Restaurant in Little Neck, Queens. Mr. Kanfer, 28, is a stock trader for the Galleon Group, a hedge fund in Manhattan. He graduated from the University of Wisconsin. His mother retired as a fifth-grade teacher at John...
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The New York Times
http://www.nytimes.com/2008/12/07/fashion/weddings/07mazur.html?partner=rss&emc=rss
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...Cup to New York in 2009. The Titans" principal owner is Gary Rosenbach, founder of Galleon Group a world renowned hedge fund. The ownership group also includes, Leo Russell, Flip Huffard. Nick Leone, Richard Ullmann, Bill Ford, Robert Gagliardi and John Gagliardi....
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PR-Inside.com
http://www.pr-inside.com/new-york-titans-bring-lacrosse-to-r923337.htm
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...man of Sri Lankan origin is also on the Forbes list. Raj Rajaratnam (rank 262), with a wealth of $1.8 billion, founded hedge fund Galleon Group in 1997, making big bets on health care and technology companies. Today the firm manages $7.5 billion across six...
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IBN Live
http://www.ibnlive.com/news/forbes-richest-americans-list-has-4-indianorigin-men/73827-19.html?from=rssfeed
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...SINGAPORE: New York-based hedge fund manager Galleon Group is setting up a Singapore operation to manage its $1.1 billion Asian long/short equity fund and to venture into new businesses, industry sources said on Thursday. The hedge fund manager, which has a...
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Times of India
http://economictimes.indiatimes.com/News/Galleon_to_manage_Asia_fund_from_Singapore-sources/rssarticleshow/2978455.cms
Raj Rajaratnam, Founder of $3 Billion Galleon Group Hedge Fund, Arrested. Prosecutors and the FBI have announced that they have filed charges against several people involved with the Galleon Group hedge fund, including founder Raj Rajaratnam. Galleon is a major hedge hund player known for its investment in technology stocks. Most notably, the government is filing criminal charges related to insider trading in a number of securities going back to 2006. So this is much more than a standard SEC civil charge.
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