What happened to Rajaratnam?
In October 2009, he was busted for insider trading, with prosecutors claiming he made $72 million. Investors ended up withdrawing over $1.3 billion from Galleon Group, causing the company’s collapse. Rajaratnam faced up to 19 years in prison and was ultimately sentenced to 11.
Who is Danielle Chiesi?
Danielle Chiesi, one of the most memorable figures in the insider trading probe that snared billionaire hedge fund mogul Raj Rajaratnam, has begun her 2 ½ year sentence in federal prison, according to a U.S. Bureau of Prisons website. Chiesi, 45, is now an inmate at the Federal Prison Camp in Alderson, West Virginia.
Who prosecuted Raj Rajaratnam?
More On: raj rajaratnam Rajaratnam will also offer his take on the four-year investigation by federal prosecutor Preet Bharara into his epic spree of crooked stock picks that landed him at least $53.8 million in ill-gotten gains.
How Raj Rajaratnam gave Galleon Group its edge?
Galleon Group founder Raj Rajaratnam and some of his employees developed a private network of consultants and other contacts to access confidential information that would give them an “edge” in trading stocks, a former trader from the hedge fund told a jury on Tuesday.
Who is David Slaine?
Former Galleon Group executive and convicted insider trader David Slaine, who famously led authorities to Raj Rajaratnam, just sold his Upper East Side duplex. He became an insider trading informant for FBI after getting caught trading on a planted tip.
What did Raj Rajaratnam do?
Raj Rajaratnam, (born June 15, 1957, Colombo, Ceylon [now Sri Lanka]), American investor who was convicted in 2011 of securities fraud and conspiracy in one of the largest prosecutions of insider trading (trading on information not available to the public) in U.S. history and the first such case to rely on evidence …
What does Elyse Slaine do for a living?
What is Elyse Slaine’s job? Elyse currently works as an independent cryptocurrency trader, and she has been doing that since 2016. Before working for Knight Ridder, Elyse had previously worked as a financial journalist and as a bond trader for Cantor Fitzgerald.
Where was Raj Rajaratnam born and raised in Sri Lanka?
Rajaratnam is an ethnic Sri Lankan Tamil born in Colombo in the Dominion of Ceylon, present-day Sri Lanka.
When did Raj Rajaratnam start his hedge fund?
He rapidly rose through the ranks, becoming the head of research in 1987 and the president in 1991, at the age of 34. At the company’s behest, he started a hedge fund —the Needham Emerging Growth Partnership—in March 1992, which he later bought and renamed Galleon Group .
What was the result of Raj Rajaratnam’s arrest?
After Rajaratnam’s arrest, Galleon received requests from its investors for the withdrawal of $1.3 billion, which caused the fund to close. In a letter dated October 21, 2009, Rajaratnam informed his employees and investors that he intended to wind down all the funds of the Galleon Group.
Who is Roomy Khan and who is Raj Rajaratnam?
Rajiv Goel, a midlevel Intel Capital executive. Roomy Khan, previously convicted of wire fraud for providing inside information from her employer, Intel, to Rajaratnam. It was reported that Rajaratnam, Goel, and Kumar were all part of the class of 1983 from Wharton business school.