Federal prosecutors brought new charges against Raj Rajaratnam in the Galleon Group insider trading case on Tuesday, expanding the number of stocks that they say were traded based on inside information.
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More Criminal Charges Filed Against Rajaratnam
Rajiv Goel said that in 2007, he provided the hedge fund founder Raj Rajaratnam with confidential tips about Intel and Sprint Nextel.
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Insider’s Admission Deepens Galleon Case
A former executive of Intel became the 10th person to plead guilty in the Galleon Group insider trading case after admitting in court on Monday afternoon that he had passed confidential corporate information to Galleon’s founder, Raj Rajaratnam.
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10th Person in Galleon Insider Case Pleads Guilty
The Securities and Exchange Commission admitted in court filings that federal prosecutors mistakenly sent the agency confidential wiretap information from the criminal insider trading case against Galleon Group founder Raj Rajaratnam.
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S.E.C. Admits It Received Galleon Wiretaps
A federal judge on Tuesday denied Raj Rajaratnam’s request to reduce his $100 million bail, siding with prosecutors who argued that the billionaire hedge fund manager is a flight risk.
