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.

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, who's on trial for insider trading. The ties revealed raise troubling questions about how widespread insider trading is.

AMD's CEO: What he leaked to Galleon

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...