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Tag Archives: Hedge Funds

Calling All Rebels

There are no constraints left to halt America’s slide into a totalitarian capitalism. Electoral politics are a sham. The media have been debased and defanged by corporate owners. The working class has been impoverished and is now being plunged into profound despair. The legal system has been corrupted to serve corporate interests. Popular institutions, from [...]

Discarded mobiles, wire-taps and Mr Bigs. Welcome to Wall Street

Imagine The Sopranos, The Wire and Gordon Gekko’s Wall Street all rolled into one. You don’t have to: the FBI has just broken one of the largest-ever insider dealing rings in Wall Street. It wire-tapped its way into a seedy world of secret tips, kickbacks and disposable, pre-paid mobile phones. A network including staff of [...]

Hedge Fund billionaire grabbed by FBI for alleged insider trading

Raj Rajaratnam (pictured right), is a one of America’s wealthiest men. He is a portfolio manager for Galleon Group, a hedge fund with up to $7 billion in assets. He stands accused of conspiring to use insider information while trading securities in publicly traded companies. Google Inc., the highly successful search engine company is one [...]