Raj Rajaratnam

Galleon Insider Trading Scandal Rocks Investors & Technology Giants

An insider trading scandal at Galleon Group is forcing the hedge fund to unwind its $3.7 billion portfolio, as investors scramble to redeem their holdings. In a letter obtained by Dow Jones Newswires, Galleon founder Raj Rajaratnam told employees and investors that he is innocent but "that it is now in the best interest of […]

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Investment News Briefs

With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. More Insider Trading Arrests Coming; Icahn Offers CIT Bailout; Oil Pushes $80; Treasury Steps In To Support HFAs; N.Y. Times to Cut 100 Newsroom Jobs; Hasbro Shares Fall Amid Soft […]

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