Galleon Group

In the culmination of a stunning fall from power, Rajat Gupta, a former Goldman Sachs (NYSE: GS) director and chief executive of management consultancy McKinsey & Co., was sentenced to two years in a federal prison for leaking corporate secrets to hedge fund manager Raj Rajaratnam. In June, Mr...

Galleon Group co-founder Raj Rajaratnam was sentenced to 11 years in prison on Thursday for insider trading. The billionaire was also fined $10 million for securities fraud. Prosecutors referred to Rajaratnam as "the modern face of illegal insider trading," according to Bloomberg. The charges...

Danielle Chiesi, the former hedge-fund trader who will pay $540,000 to settle related civil charges with the Securities and Exchange Commission, writes the Wall Street Journal. Chiesi, 45, helped former Galleon Group founder Raj Rajaratnam with insider trading. Rajaratnam was convicted on these...

Bloomberg has been at the front of today's news of the Rajaratnam guilty verdict across all of its news and multimedia platforms, from Bloomberg News breaking the verdict, to Bloomberg Law's legal analysis to Bloomberg Television's commitment to providing in depth coverage throughout the day. We...

Goldman Sachs (NYSE: GS) CEO Lloyd Blankfein took the stand at Galleon Group co-founder Raj Rajaratnam's insider-trading trial today. Blankfein testified for the prosecution, asserting that Rajat Gupta violated policies when he revealed confidential information from Goldman Sachs' business plans....

Fox Business Network (FBN) Senior Correspondent Charlie Gasparino speaks with former SEC Attorney Elizabeth Nowicki about the criminal trial of Galleon Group LLC co-founder Raj Rajaratnam for insider trading. Sources close to Raj Rajaratnam's legal team tell Gasparino Rajaratnam “has no plans to...

On March 1, the Securities and Exchange Commission (SEC) accused Rajat Gupta of insider trading. In September 2008, as a Goldman Sachs (NYSE: GS) director, Gupta was on a telephone meeting of the Goldman Sachs' board during a crisis. At the conclusion of that call, using the same line, Gupta...

The SEC has just unveiled a case against Rajat Gupta, who is a former board member of Goldman Sachs (NYSE: GS) and Procter & Gamble (NYSE: PG). The SEC is alleging that Gupta tipped off billionaire hedge fund manager Raj Rajaratnam about a capital injection from Berkshire Hathaway (NYSE:BRK.B)...

On the precipice of another new year, the hedge fund industry is fighting to overcome its troubles of the last 12 months. The New York Post reports that in 2010, the average hedge fund closed up a mere 7.5%, compared with the average stock market indexes like the S&P 500 (NYSE: SPY), which is...

Goldman Sachs (NYSE: GS) Group Director, Rajat Gupta, is in the crosshairs of prosecutors probing the Galleon Group case. According to Reuters, the authorities are examining whether Rajat Gupta provided Raj Rajaratnam with inside information about Goldman Sachs (GS). However, a spokesperson for the...