Tag Archives: insider trading


Hedge Fund Fraud: Wireless Analyst Sentenced to 4+ Years

New York (HedgeCo.Net) – The securities research analyst who had publicly refused in 2010 to wear a wire in a hedge fund insider trading trading probe was sentenced yesterday to over four years in prison, Bloomberg’s HedgeWorld reports. John Kinnucan […]

In defence of accused hedge fund billionaire Raj Rajaratnam

Guardian.co.uk – My coverage of Raj Rajaratnam, the Wall Street hedge fund manager accused of orchestrating a sophisticated insider trading ring with tipsters at firms such as IBM and Intel, has prompted an email from an acquaintance of the accused […]

Galleon Wiretaps Rattle Hedge Funds as Insider Trading Targeted

Bloomberg – First came the biggest bear market since the 1930s, then Bernard Madoff’s $65 billion Ponzi scheme and the threat of increased regulation. Now hedge funds have a new concern: getting caught on tape as the government expands its […]

Terror Victims Sue Hedge-Fund Founder

WSJ – A group of victims of terror attacks by Sri Lanka’s Tamil Tigers rebels filed suit against Raj Rajaratnam, the Galleon Group hedge-fund founder charged in an insider-trading case, accusing him of funding the Tigers’”crimes against humanity.” The suit […]

Meltdown 101: How does a hedge fund work?

AP – The arrest of a billionaire in an insider trading case last week drew new attention to hedge funds — investment firms that, for many, evoke an exclusive world where the super rich use exotic investing techniques to grow […]

New Castle Set Back by Galleon Liquidation, Loss of UBP Deal

Bloomberg – New Castle Funds LLC’s efforts to survive the arrest of its co-founder in the Raj Rajaratnam insider-trading case were set back as a Swiss bank ended a partnership and Rajaratnam decided to liquidate his funds. Union Bancaire Privée […]

Financial Woes Plagued Galleon Informant

New York Times – Roomy Khan, the central witness who brought down the Galleon hedge fund, is a former Galleon employee with a history of financial trouble who agreed to cooperate with prosecutors after she was caught making trades using […]

Speculation Over Hedge Fund Manager’s Downfall In Full Swing

New York (HedgeCo.net) The Galleon scandal is raging full force, with Raj Rajaratnam’s global hedge funds under a microscope. Supervising the case is U.S. District Court Judge Jed S. Rakoff, who’s ruling on the Merrill Lynch/BofA case, earned him the […]

Hedge fund walls off 2 accused inside traders

Reuters – New Castle Partners LLC, a hedge fund swept up in the biggest insider-trading scandal in years, said co-founder Mark Kurland has taken a leave of absence and that Danielle Chiesi, a consultant, is no longer associated with the […]

More arrests possible in hedge fund case

Boston.com – Federal investigators plan to charge at least 10 securities professionals with insider trading, some linked to the criminal case against billionaire hedge fund manager Raj Rajaratnam that shook Wall Street last week, people familiar with the matter said […]

Was Something Amiss at Bear’s Hedge Fund Culture?

New York Times – Several hedge fund managers currently in legal hot water apparently have more in common that their judicial woes: they were all former Bear Stearns alumni. William D. Cohan reports in Fortune that that Mark Kurland and […]

Hedge Fund Billionaire Probed Through Wiretapping And An Unidentified Informant

New York  (HedgeCo.net) – The SEC’s case against Raj Rajaratnam and his hedge fund Galleon Management LP, is sending ripples throughout the industry, as the use of wiretapping and its effects are emerging. According to Bloomberg, an unidentified informant began […]

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