Raj Rajaratnam

Ex-Business Titan Rajat Gupta Guilty of Insider Trading

Rajat Gupta, a consummate business insider who once sat on the board of Goldman Sachs Group, was convicted on Friday of leaking secrets about the investment bank at the height of the financial crisis. He faces up to 25 years in prison.

Ex-Lawyer Gets Longest Insider Trading Sentence Ever

Former attorney Matthew Kluger, who admitted feeding privileged information to two confederates over the course of a 17-year insider stock trading scheme, was sentenced Monday to 12 years in prison, the longest sentence ever handed out for insider trading.

Guilty! Ex-Hedge Fund Manager Convicted

After more than a week of deliberations, a jury has convicted former billionaire Wall Street hedge fund manager Raj Rajaratnam on 14 counts of securities fraud. Federal authorities had called the insider trading case the biggest ever involving a hedge fund.

The SEC's Risky Expansion of Insider-Trading Cases

The feds appear to be trying to broaden the notion of insider trading to include the information-gathering of hedge funds as criminal activity. But this could be difficult to prove in court, because there's no statuary definition of insider trading.

Judge Rakoff Gets Slapped for Galleon Wiretaps Ruling

U.S. District Court Judge Jed Rakoff is famous -- or infamous -- for his zeal in righting Wall Street's wrongs. But the Galleon insider trading civil suit he's presiding over has just earned him a wrist-slap from the Second Circuit Court of Appeals.

Goldman Director May Have Leaked Buffett Deal

Goldman Sachs Director Rajat Gupta, who has decided not to stand for re-election, is in more trouble. A government probe of Gupta's relationship with Galleon hedge fund manager Raj Rajaratnam has turned up evidence that someone may have leaked Warren Buffett's plan to put $5 billion into Goldman during the financial crisis.

Insider Trading Tips From a Goldman Director?

Prosecutors are looking into a Goldman Sachs director's communications with hedge fund Galleon's Raj Rajaratnam, now on trial for insider trading. The ties revealed raise troubling questions about how widespread insider trading is.