Raj Rajaratnam

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that “Raj Rajaratnam's legal team will appeal the $92 million fine” he's been ordered to pay. Gasparino reports, “They will argue it by saying he's worth far less than estimated $1 billion.” Excerpts from the report are below...

There was a report on "60 Minutes" last night on CBS (NYSE: CBS) that was more disturbing than any shady practices on Wall Street ever. Legal insider trading. Insider trading happens on Wall Street, and when it is caught, it is prosecuted to the fullest extent of the law. Just ask Raj Rajaratnam...

According to the New York Times, federal prosecutors will file criminal charges Wednesday against former Goldman Sachs (NYSE: GS) Director Rajat K. Gupta. Gupta is expected to surrender to the authorities on Wednesday. His trial could mean the beginning in a new government offensive against...

When David Einhorn announced that he was short Green Mountain Coffee Roasters (NASDAQ: GMCR) at the Value Investing Congress last week, investors shot first and asked questions later, sending shares down some 25%, before finally starting to recover today. Einhorn, of Greenlight Capital, said at...

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that the attorneys for Galleon Group founder Raj Rajaratnam are plotting to appeal Rajaratnam's insider-trading conviction because “the way in which the government went about getting the wiretaps has been controversial.”...

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...

China promised to let foreign investors buy mainland shares and bonds. Raj Rajaratnam, who was convicted of all 14 criminal counts against him, lost a bid to have his convictions overturned.

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...

Former hedge fund analyst Danielle Chiesi, who is at the center of the massive insider trading investigation that is sweeping Wall Street, is looking to mitigate the length of her prison sentence by blaming her illegal conduct on a "toxic" sexual relationship she had with her boss, Mark Kurland....

Hedge Fund billionaire Raj Rajaratnam has been found guilty of all 14 counts of securities fraud and conspiracy charges against him. The case now goes to 2nd Circuit Court of Appeals. If upheld, Mr. Rajaratnam is facing the possibility of a maximum 190 years in prison, though he is likely to...