The Securities and Exchange Commission has charged a former employee at a Silicon Valley-based semiconductor company for his role tipping non-public information used in connection with Raj Rajaratnam’s massive insider trading scheme.
A federal appeals court on Monday refused to disturb the insider trading conviction of Galleon Group hedge fund founder Raj Rajaratnam, one of the most prominent defendants in the U.S. government's wide-ranging probe into insider trading.
The U.S. Securities and Exchange Commission has charged a former executive at a Massachusetts-based technology firm for illegally tipping non-public information about the company’s financial predicament as part of the insider trading scheme operated by now-imprisoned Galleon Management hedge fund founder Raj Rajaratnam.
Imprisoned inside trader Raj Rajaratnam may be getting more inside help behind bars. The New York Post says he has an adjustable bed and balcony and a "manservant" on call.
Rajat Gupta, the former managing director of the consulting giant McKinsey & Company, and Parag Saxena were not just business partners in a South Asian private equity fund, New Silk Route.
Galleon Group co-founder Raj Rajaratnam’s conviction for directing the most extensive insider-trading scheme in U.S. history was upheld by an appeals court, which ruled the government’s use of wiretaps was proper.
Rengan Rajaratnam, 42, who worked as a portfolio manager at the Galleon Group of funds founded by his brother, is accused of illegal insider trading involving the stocks of Intel, Advanced Micro Devices and Clearwire, among others.
Lawyers for former Goldman Sachs board member Rajat Gupta sought to reverse his insider-trading conviction on Tuesday, arguing that wiretap evidence used by the prosecution should not have been introduced at trial.
Former Goldman Sachs director Rajat Gupta is set to ask a federal appeals court in New York Tuesday to overturn his insider-trading conviction by arguing the U.S. shouldn’t have been allowed to use evidence from wiretapped phone calls that didn’t involve him.
Zvi Goffer, a former Galleon Group LLC trader whose 10-year prison term is the third-longest sentence in a recent federal crackdown on illegal insider trading, will ask an appeals court Monday to reduce his sentence.