raj rajaratnam

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 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.

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 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.

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.

With a mountain of evidence ranging from a cooperating witness to wiretapped confessions by an accomplice all but admitting guilt, prosecutors in the Galleon Group insider trading case might think they have an airtight case. But billionaire Galleon founder Raj Rajaratnam seems to be bracing for a...

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...

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...

Federal prosecutors say criminal charges have been filed against 14 people, including attorneys and Wall Street professionals, in a widening $25 million insider trading case that has already snared one of the richest men in America. According to court papers filed in U.S. District Court in...

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...