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11 Oct 2011 10:44


Biz: Ex-Hedge fund trader Raj Rajaratnam could get huge prison sentence

The U.S. government wants Rajaratnam, center, to receive between 19 and 1/2 years and 24 and 1/2 years for his insider-trading crimes, considered to be the worst since the 1980s. Is that enough? source

08 Mar 2011 10:39


Biz: Hey, insider trading fans: Keep an eye on this dude’s trial!

The trial of Raj Rajaratnam, the founder of the Galleon hedge fund, starts today. Raj reportedly made $45 million in illicit profits – the worst case of insider trading in a generation. source

10 Mar 2010 22:10


Biz: Forbes’ billionaires list isn’t just made of Carlos Slim and Bill Gates

  • Carlos Slim is on top this year. But look deeper. Forbes’ billionaires list, a cultural touchstone, usually only focuses on the top of the list, mainly because it makes a good headline. But Forbes has a TON of information about the billionaires on their list. Here are some of our favorite details from doing a little research:

A good year for rebounds

  • 1,011 billionaires are on this year’s list, which is way up from last year
  • 164 billionaires returned to the list after losing much of their value in 2008
  • 89 billionaires came from China, the largest non-U.S. total source

Extremes in rich bastards

  • youngest Mark Zuckerberg, who, at 25, has more money than you’ll ever dream of, with assets worth $4 billion. Just think how much he’d be worth if Facebook took the IPO plunge. Or actually, just sulk. source
  • oldest Fellow technology maven Walter Haefner is the real-life Mr. Burns at age 99. Except, instead of a nuclear plant, he owns 24 percent of information technology firm Computer Associates. source

Schadenfreude-worthy subject

  • Raj Rajaratnam is in big trouble. One of the guys who lost his billionaire club card, Rajaratnam’s hedge fund, Galleon Group, was caught in a major insider-trading scandal, which caused the fund to lose value quickly this past October, and as a result Rajaratnam is no longer a billionaire (and is probably going to prison!). source

19 Oct 2009 09:34


Biz, World: From insider trading directly into the Tamil Tigers’ pocket?

  • Raj Rajaratnam gave as much as $5 million to a Tamil organization. The Sri Lankan-born billionaire at the center of the insider trading scandal on Wall Street may have helped the now-defeated Tamil Tigers on the side. U.S. records show that Rajaratnam gave $5 million to the Tamil Rehabilitation Organization, and that money could have made its way to the Tigers. Which, if true, could complicate his saintly reputation in his homeland. source

16 Oct 2009 16:27


Biz: A major insider-trading case rocks Wall Street. It’s no Madoff, though.

  • $17 million was blue-collar crimed by Galleon Group’s founder source