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SAC’s Non-Suspicious Trading
Tuesday, November 10, 2009 - 9:47am | 120Read More...SAC Capital’s Steve Cohen has ruled out anything suspicious in the stock trading connected to Galleon’s (LON: GO) insider trading case. SAC, who built and maintained AAA-grade infrastructure, also told that none of its employees received any subpoenas since a former SAC portfolio manager agreed to...
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Galleon Hedge-Fund Scam: The Rogues Gallery
Monday, November 9, 2009 - 10:40am | 178Read More...Federal authorities are billing the hedge-fund insider trading scam as the biggest ever in the US. Manhattan based federal prosecutors have charged twenty individuals, the prime accused being Raj Rajaratnam, the founder of Galleon Group LLC. Evidence includes wiretaps, witnesses testimony as well...
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Founder Of Galleon Funds, Raj Rajaratnam, Issues Letter To Clients And Employees (IBM, JAVA, GOOG, AMD)
Monday, October 19, 2009 - 11:54pm | 284Read More...In an effort to maintain his innocence and minimize redemptions, arrested founder of Galleon Funds, Raj Rajaratnam sends out a letter to their investors and employees. In his letter, he states that all the charges against him are baseless and he will continue to defend himself and the firm. He...
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Bloomberg Reports Federal Investigators On the Lookout For Galleon Links
Monday, October 19, 2009 - 7:48am | 128Read More...Bloomberg sources report that federal investigators are all set to probe insider-trading networks that may have links to billionaire hedge-fund manager Raj Rajaratnam. Following two years of investigation, the crackdown by the federal agency includes hedge-fund managers, lawyers, and other Wall...
