Last Wednesday, inside a wood-paneled courtroom with gold taffeta curtains and wall-to-wall carpet patterned with federal seals, Raj Rajaratnam, billionaire founder of the Galleon hedge fund, stared at a far-off point in space. The man at the center of the government’s biggest insider-trading case ever, flanked by five of his attorneys and free on $100 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
“They better be fucking confident that they’re right before they destroy reputations,” a major New York hedge fund manager was saying just before midnight on Monday. Attorney General Eric Holder had confirmed an investigation of Wall Street that afternoon, 10 days after The Journal had broken news of a three-year insider-trading probe that “could eclipse Read More
A judge today allowed recordings from the tapped phone of Galleon’s alleged insider trading kingpin, Raj Rajaratnam, in a case expected to go to trial next year. The feds had tapped thousands of Mr. Rajaratnam’s conversations over the course of a nine-month surveillance back in 2008.
The Wall Street Journal reports:
“While the Read More
