The cooperation of two former hedge fund managers in a 2007 insider trading case led to the arrest of seven traders and lawyers last November in the wide-ranging Galleon prosecutions, a U.S. prosecutor said on Thursday.
Former Wall Street hedge fund manager David Slaine pleaded guilty last December to charges of insider trading that reaped profits of $3 million, U.S. prosecutors said on Tuesday.
U.S. prosecutors apparently made the mistake of giving wiretap recordings gathered against Galleon hedge fund insider trading defendants to securities regulators, legal briefs said, potentially compounding a fight over confidential evidence central to the case.
Former stock trader Zvi Goffer, dubbed Octopussy in the sprawling Galleon hedge fund insider trading case, pleaded not guilty on Tuesday along with six others to securities fraud charges.
The U.S. Securities and Exchange Commission wants to expand its lawsuit in the widening Galleon hedge fund probe to add new charges against two defendants, Galleon founder Raj Rajaratnam and former McKinsey & Co director Anil Kumar.
A hedge-fund manager referred to as Tipper X in the Galleon Group insider-trading case could lead prosecutors to widen the probe to hedge funds that had not been previously implicated, the Wall Street Journal said on Wednesday, citing people familiar with the case.
Galleon hedge fund founder Raj Rajaratnam will plead not guilty to any new government charges of insider trading, his lawyer told a judge on Tuesday, as prosecutors raised the amount of his alleged illegal profits to $41 million.
Galleon hedge fund founder Raj Rajaratnam, accused of fraud and conspiracy in a complex insider trading case, attacked the U.S. government's wiretap evidence on Tuesday, as he won approval to stay free on bail.
A former director of McKinsey & Co told a court on Thursday that Galleon hedge fund founder Raj Rajaratnam paid him $1.75 million in exchange for tips on clients of the consulting firm, giving prosecutors potentially more ammunition in the insider-trading case.
A former McKinsey & Co director told a court on Thursday that Galleon hedge fund founder Raj Rajaratnam paid him $1.75 million in exchange for confidential information on clients to make illegal stock trades.
A former McKinsey & Co director told a court on Thursday that Galleon hedge fund founder Raj Rajaratnam paid him $1.75 million in exchange for confidential information on clients to make illegal stock trades.
A former McKinsey & Co director charged with leaking confidential information to Galleon Group founder Raj Rajaratnam became the seventh person to plead guilty in what U.S. prosecutors have called the biggest hedge fund insider trading case ever.
A former McKinsey & Co director charged with leaking confidential information to Galleon Group founder Raj Rajaratnam became the seventh person to plead guilty in what U.S. prosecutors have called the biggest hedge fund insider trading case ever.
A former McKinsey & Co director charged with leaking confidential information to Galleon Group founder Raj Rajaratnam became the seventh person to plead guilty in what U.S. prosecutors have called the biggest hedge fund insider trading case ever.
Indicted Galleon hedge fund founder Raj Rajaratnam faces expanded charges of insider trading and allegations that he earned $36 million in illicit profits, double the amount previously alleged, U.S. prosecutors said on Tuesday.
Indicted Galleon hedge fund founder Raj Rajaratnam faces expanded charges of insider trading and allegations that he earned $36 million in illicit profits, double the amount previously alleged, U.S. prosecutors said on Tuesday.
There are a lot of mistakes a newbie trader makes, and these sort of mistakes most definately will cost the trader time and money. It is essential to know about what things you should not be doing in trading and more importantly learn about the tips you should take from professional traders and use them to your advantage in your forex trades.
Two French citizens have been charged by U.S. regulators with using inside information to buy securities of Chattem Inc before Sanofi-Aventis said it would acquire the healthcare group.
Two French citizens have been charged by U.S. regulators with using inside information to buy securities of Chattem Inc before Sanofi-Aventis said it would acquire the healthcare group.
Lawyers for Galleon hedge fund founder Raj Rajaratnam objected on Tuesday to the government's request to schedule his criminal trial ahead of a parallel SEC case, saying the move could compromise the defense's case.
Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi asserted their innocence on Monday to charges of securities fraud, in what U.S. prosecutors describe as the biggest hedge fund insider trading case ever.
Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi asserted their innocence on Monday to charges of securities fraud, in what U.S. prosecutors describe as the biggest hedge fund insider trading case ever.
