Raj Rajaratnam – Founder of Galleon Group Arrested
51-year-old Raj Rajaratnam, the No. 551 on Forbes’ 2009 list of the world’s richest people and billionaire head of the Galleon Group – an important New York hedge fund, – was charged with insider trading in the stocks of many companies, such as Hilton, Clearwire, and Google.
Transcripts of talks between a private witness for the FBI and Rajaratnam going back to 2007 disclose not only a extensive, log time plan but that Rajaratnam could get a little irritable when things did not go the way it was planned.
51-year-old Raj Rajaratnam, the No. 551 on Forbes’ 2009 list of the world’s richest people and billionaire head of the Galleon Group – an important New York hedge fund, – was charged with insider trading in the stocks of many companies, such as Hilton, Clearwire, and Google.
Transcripts of talks between a private witness for the FBI and Rajaratnam going back to 2007 disclose not only a extensive, log time plan but that Rajaratnam could get a little irritable when things did not go the way it was planned.
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October 18, 2009
This arrest was predicted and called for by the movie “Stock Shock-The Short Selling of the American Dream.” I had no idea how hedge funds could manipulate markets before I saw this movie. I know people started sending their DVD’s of Stock shock into the SEC demanding protection and an arrest. Amazon has the DVD.