Wednesday, February 08, 2012

New charges in Rajaratnam insider trading case (Reuters)

Tuesday, February 9th, 2010

Raj Rajaratnam, the principal in the $21 million Galleon Group hedge-fund insider trading case, arrives at Manhattan Federal Court for a bail hearing on conspiracy and securities fraud charges in New York, January 12, 2010. REUTERS/Shannon StapletonReuters – Additional criminal charges were filed on Tuesday against Galleon hedge fund founder Raj Rajaratnam as prosecutors alleged he and his co-defendant reaped $49 million from illegal insider trading, up from an earlier claim of $40 million.

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