The jury’s verdict is in, and it has found Raj Rajaratnam guilty on all 14 counts. Preet Bharara is gloating and lead prosecutor Jonathan Streeter has won a formidable battle in his biggest case yet (although the defense will certainly appeal.)
But what, one must wonder, does the verdict mean for the future of Read More
The Raj Rajaratnam trial, which has been going since March 8, is now starting to take a toll on health. Jury deliberations will begin anew after a 70-year-old juror had to be dismissed yesterday for medical reasons.
Raj Rajaratnam, the hedge fund manager awaiting a verdict on charges of insider trading, has also been absent Read More
To refresh your memory, Donald Longueuil is a former speed skater whose (ex?) friend, Noah Freeman, secretly pleaded guilty to insider trading and then became a government informant. The government wired up Mr. Freeman to collect electronic evidence of Mr. Longueuil destroying electronic evidence, something Mr. Longueuil did with vigor when news of Read More
Danielle Chiesi, former NewCastle Partners consultant and ex-beauty queen, will plead guilty this afternoon in an insider trading probe tied to the Galleon Group hedge fund, according to The New York Times.
Ms. Chiesi had been a central figure in the long-running Galleon probe, pleading not guilty in a probe led by U.S. in Read More
New details about the Justice Department’s ongoing probe into insider trading reveal a strong focus on technology and hot consumer products like the iPad.
Walter Shimoon, a senior director at Flextronics, an Apple supplier, was arrested today, charged with leaking details about the iPad way back in 2009, according to Reuters.
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