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Former Goldman Sachs Director Gupta Headed to Federal Prison
Thursday, October 25, 2012 - 12:59pm | 840Read More...In the culmination of a stunning fall from power, Rajat Gupta, a former Goldman Sachs (NYSE: GS) director and chief executive of management consultancy McKinsey & Co., was sentenced to two years in a federal prison for leaking corporate secrets to hedge fund manager Raj Rajaratnam. In June, Mr...
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Rajaratnam Sentenced To 11 Years For Insider Trading
Thursday, October 13, 2011 - 12:09pm | 283Read More...Galleon Group co-founder Raj Rajaratnam was sentenced to 11 years in prison on Thursday for insider trading. The billionaire was also fined $10 million for securities fraud. Prosecutors referred to Rajaratnam as "the modern face of illegal insider trading," according to Bloomberg. The charges...
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Danielle Chiesi to Pay $540,000 in Insider Trading Case
Wednesday, July 13, 2011 - 1:54pm | 88Read More...Danielle Chiesi, the former hedge-fund trader who will pay $540,000 to settle related civil charges with the Securities and Exchange Commission, writes the Wall Street Journal. Chiesi, 45, helped former Galleon Group founder Raj Rajaratnam with insider trading. Rajaratnam was convicted on these...
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Bloomberg Television: Q&A With InBusiness' Margaret Brennan On The Rajaratnam Verdict
Wednesday, May 11, 2011 - 8:41pm | 784Read More...Bloomberg has been at the front of today's news of the Rajaratnam guilty verdict across all of its news and multimedia platforms, from Bloomberg News breaking the verdict, to Bloomberg Law's legal analysis to Bloomberg Television's commitment to providing in depth coverage throughout the day. We...
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Goldman Sachs CEO Takes The Stand (GS, BRK)
Wednesday, March 23, 2011 - 12:28pm | 231Read More...Goldman Sachs (NYSE: GS) CEO Lloyd Blankfein took the stand at Galleon Group co-founder Raj Rajaratnam's insider-trading trial today. Blankfein testified for the prosecution, asserting that Rajat Gupta violated policies when he revealed confidential information from Goldman Sachs' business plans....
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Charlie Gasparino Reporting Raj Rajaratnam Will Not Testify
Tuesday, March 8, 2011 - 4:41pm | 332Read More...Fox Business Network (FBN) Senior Correspondent Charlie Gasparino speaks with former SEC Attorney Elizabeth Nowicki about the criminal trial of Galleon Group LLC co-founder Raj Rajaratnam for insider trading. Sources close to Raj Rajaratnam's legal team tell Gasparino Rajaratnam “has no plans to...
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Insider Trading At Goldman Sachs (GS, PG, AMR)
Wednesday, March 2, 2011 - 10:24am | 300Read More...On March 1, the Securities and Exchange Commission (SEC) accused Rajat Gupta of insider trading. In September 2008, as a Goldman Sachs (NYSE: GS) director, Gupta was on a telephone meeting of the Goldman Sachs' board during a crisis. At the conclusion of that call, using the same line, Gupta...
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Shocking Insider Trading Accusations Against Former Goldman Sachs Board Member (GS)
Tuesday, March 1, 2011 - 1:06pm | 288Read More...The SEC has just unveiled a case against Rajat Gupta, who is a former board member of Goldman Sachs (NYSE: GS) and Procter & Gamble (NYSE: PG). The SEC is alleging that Gupta tipped off billionaire hedge fund manager Raj Rajaratnam about a capital injection from Berkshire Hathaway (NYSE:BRK.B)...
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Taking The "Fun" Out Of Hedge Funds
Thursday, December 30, 2010 - 10:27am | 262Read More...On the precipice of another new year, the hedge fund industry is fighting to overcome its troubles of the last 12 months. The New York Post reports that in 2010, the average hedge fund closed up a mere 7.5%, compared with the average stock market indexes like the S&P 500 (NYSE: SPY), which is...
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Goldman’s Rajat Gupta To Be Examined In Galleon Case (GS)
Thursday, April 15, 2010 - 12:41pm | 142Read More...Goldman Sachs (NYSE: GS) Group Director, Rajat Gupta, is in the crosshairs of prosecutors probing the Galleon Group case. According to Reuters, the authorities are examining whether Rajat Gupta provided Raj Rajaratnam with inside information about Goldman Sachs (GS). However, a spokesperson for the...
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Former Intel (INTC) Executive Pleads Guilty To Fraud
Monday, February 8, 2010 - 7:57pm | 188Read More...Rajiv Goel, a former Intel Capital director, pleaded guilty on Monday to the charge that he had received money from friend and Galleon Group hedge fund founder Raj Rajaratnam. "Although we lived very different lives, we kept in close contact and I received money from him for personal financial...
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Superseding Indictment To Be Filed Against Rajaratnam
Wednesday, January 6, 2010 - 3:50pm | 177Read More...Numerous sources are reporting that Galleon Group founder Raj Rajaratnam, who is the target of a sprawling insider trading indictment, paid a source for information regarding a takeover by American Micro Devices (NYSE: AMD) of ATI Technologies. Rajaratnam allegedly reaped a $19 million windfall by...
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The Story Behind Galleon Group Insider Trading Case (PLCM, INTC)
Wednesday, December 30, 2009 - 10:46am | 192Read More...The Wall Street Journal has reported how the Securities and Exchange Commission (SEC) unearthed the insider trading at Galleon Group. Andrew Michaelson, a lawyer with SEC, was investigating the younger brother of Galleon founder, Raj Rajaratnam in 2007, in a case that eventually did not result in...
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Rajaratnam And The Woes Of Insider Trading (IBM, INTL, AMD)
Tuesday, December 29, 2009 - 10:00am | 116Read More...Galleon Group, a hedge fund run by Mr. Rajaratnam, had made him a billionaire and that business was based on contacts. Mr. Rajaratnam and 20 others who profited from insider information were indicted. According to The Wall Street Journal, the Galleon investigation has already touched McKinsey...
