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Tag Archives: Raj Rajaratnam

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 [...]