Galleon Insider Trading Case Widens 14 CHARGED
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Car with an unidentified suspect charged with fraud and conspiracy for ...Source: Reuters -
Galleon hedge fund partner Raj Rajaratnam arrives at Manhattan Federal ...Source: Reuters -
An unidentified suspect charged with fraud and conspiracy for insider ...Source: Reuters -
An unidentified suspect charged with fraud and conspiracy for insider ...Source: Reuters
Two former Galleon Group employees and a Ropes & Gray lawyer were among 14 people charged today in the expanding insider trading case surrounding the hedge fund founded by Raj Rajaratnam, who was busted last month. The traders and lawyers snuck around, communicating in code over throwaway cellphones, but had the FBI on their tails for more than 2 years, the New York Times reports.
The SEC puts the total profits from the scheme at $53 million, up from the $40 million the feds originally estimated, the AP reports. Asked whether the case was just the tip of a Wall Street iceberg, US Attorney Preet Bharara responded, "We don't have an answer to that but we aim to find out."
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READ MORE: Galleon Group, Ropes and Gray, Raj Rajaratnam, SEC, Preet Bharara, Wall Street iceberg, insider trading case, throwaway cellphones
News Stories
- News Source: Sify News | 28 days agoAs outlined by federal prosecutors in New York Thursday, a trader known as 'the Octopussy' is at the centre of the ring which included two Indians, Deep Shah, a Moody's Investors Service analyst, and Gautham Shankar, a former proprietary trader at...
- News Source: Los Angeles Times | 29 days agoMurray normally works for companies concerned about possible spying by competitors. But since a blockbuster insider-trading prosecution built on wiretaps and microphone-wearing informants became public last month, frantic hedge fund managers have...
- News Source: India Abroad | 29 days agoOf the 14, eight were arrested on Thursday while a ninth was being sought. Five other defendants had already been charged and have pleaded guilty in federal court in New York to insider trading crimes. Atheros Communications Inc executive Ali Hariri...
- News Source: San Francisco Chronicle | 29 days agoA crackdown on insider trading widened Thursday as five people in the $1.5 trillion hedge fund industry pleaded guilty to criminal charges and eight others were arrested. Images More Business The actions raise to 20 the number of people who have...
- News Source: The New York Times | 29 days agoThere was always a reason to be paranoid, his friend responded, and they agreed to continue their talk at their Manhattan gym. The topic was illegal insider trading, according to federal prosecutors and market regulators. And the paranoia was...
- News Source: International Herald Tribune | 29 days agoThe charges, against 14 money managers, lawyers and other investors, followed the arrest last month of a hedge fund billionaire, Raj Rajaratnam , on charges that he had profited from inside information. In the latest criminal complaints, prosecutors...
Blogs
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- Blog Source: wallstreetpit.comThe FBI has arrested 14 people, including attorneys and Wall Street professionals, as part of an ongoing $25 million insider trading case. According to several media reports, the case is connected to an investigation of the Galleon ...
- Blog Source: www.ktradionetwork.comManhattan US Attorney Preet Bharara said 14 people, “including attorneys and Wall Street professionals” were arrested “for their alleged involvement in insider trading that netted 20 million dollars.” The hedge fund, Galleon Management LP,
- Blog Source: www.fuckbankers.comManhattan US Attorney Preet Bharara said 14 people, “including attorneys and Wall Street professionals” had been charged “for their alleged involvement in insider trading that netted 20 million dollars.” ...
- Blog Source: www.businessinsider.comPreet Bharara, the FBI, and the SEC prepare another big show. ... Just a heads up: the 7 new insider trading arrests will be announced at 12:00 (Noon) according to NBC New York: The arrests are a second wave of charges after the head of the Galleon
- Blog Source: www.thedeal.comThursday, 14 people were charged with conspiracy and fraud. It has not been confirmed that the recent sweep is related to the insider trading case involving Galleon Group. ... One of the men charged, Craig Drimal, was at one time an employee at
- Blog Source: www.businessinsider.comUS Attorney Preet Bharara just sent chills through hedge funds and Wall Street trading desks. "We're not finished," the prosecutor who has charged 20 people with insider trading said. "How pervasive is insider trading? ...
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- Video Source: www.truveo.comInsider charges for ...Video Source: www.truveo.comInsider charges for billionaire- www.dailymirror.lk
Post a Comment Comments: 5
throwaway cellphones are those which are disposable or people who are tired of using a cellphone for years and they just throw it away..so throwaway cell phones are just used garbage cell phones
fifileigh you draw graphics?? yes they are perfect for any kind of crime...
thanks alot shirley.. :D
thanks alot shirley.. :D
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