Four Indians among 20 charged in hedge fund scam

PTI News – The FBI has charged a further 14 people, including two Indians and Wall Street professionals, in a widening USD 53 million insider trading scam, the largest ever such case in the United States.

The latest action brings the number of people who have been charged in the case to 20, including four Indians.

The scam came to light last month with the arrest of Sri Lankan Tamil-origin billionaire Raj Rajaratnam, founder of the Galleon Group founder and hedge fund operator, and five others, two of whom were Indians.

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