Galleon Group

We all wonder why Wall Street pros make so much more money than everyone else. But investment bankers are pikers compared to hedge fund managers, who make their money by taking a small cut of the assets they attract as well as a larger slice of the profits they earn in a given year. The higher...

Billionaire hedge fund manager Raj Rajaratnam had vowed to fight the insider trading charges against him with the same vigor he used to amass his fortune. And now his army of seasoned lawyers is swinging back hard against allegations that the founder of the Galleon Group engaged in insider trading...

Somebody get the SEC on the phone, stat! Oh wait, they were closed Wednesday for Veterans Day. Suspicious activity in the options market for 3Com (COMS) raised concerns late Wednesday that news of computer and printer maker Hewlett-Packard's (HPQ) $2.7 billion purchase of the networking company...

Bailed out with taxpayer funds just a year ago, major U.S. investment banks may again be gearing up to hand out record bonuses. But as the public outrage builds, authorities seem to be betting that a theatrical crackdown on the hedge fund industry will calm the widespread anger about Wall Street's...

As the full extent of the Galleon Group's insider trading comes to light, its story is starting to resemble something out of the movies. Although Raj Rajaratnam's house has already been compared to both The Sopranos and Goodfellas, the sad truth is that the real-life criminal ring lacks both the...

Two weeks after billionaire hedge fund manager Raj Rajaratnam was handcuffed and walked out of his New York apartment by authorities at dawn, the roster of corporate brass at some of America's biggest companies brought down by the Galleon scandal continues to grow. On Monday, former Advanced Micro...

Advanced Micro Devices (AMD)'s former CEO, Hector Ruiz, allegedly leaked details of a major restructuring to a hedge fund. But I was even more surprised to learn the details of what Ruiz allegedly told New Castle's Danielle Chiesi, the former Bear Stearns hedge fund executive -- details which she...

Remember Galleon Group? It used to be a $3.7 billion hedge fund before its manager, Raj Rajaratnam, was accused of using inside information to trade stocks (he's now out on $100 million bail). One of the alleged inside trades was a bet on a spike in the stock of Advanced Micro Devices (AMD)...

We already knew that Raj Rajaratnam, the head of the now-liquidating Galleon Group who is worth $1.5 billion and is free after posting $100 million bail, allegedly traded on inside information. But up until Saturday morning, I had thought Rajaratnam's alleged insider information pertained only to...

As federal investigators expand their allegations of insider trading centered on tech hedge-fund giant the Galleon Group, rivals are already looking to take advantage of the firm's desperation. Galleon cofounder Raj Rajaratnam told the firm's employees that he was innocent and would fight all...