11:34am

Wed May 11, 2011
Business

Galleon Group Founder Rajaratnam Guilty Of Fraud

In a big win for federal prosecutors, a jury in Manhattan on Wednesday convicted hedge fund titan Raj Rajaratnam on 14 counts of conspiracy and fraud. Prosecutors say the financier, founder of the Galleon Group, made tens of millions of dollars in illegal stock trades using inside information gleaned from networks of corporate insiders.

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