[Galleon] Raj Rajaratnam: the sentencing book
Q: What sentence awaits Raj Rajaratnam?
A: You tell us. Put your best guess in the comments below and the winner receives a mystery prize. (So mysterious we don’t know what it is yet.)
Official guidelines suggest a total stretch from 15.5 to 19.5 years (not per count as some TV stations have been saying).
[Galleon] Raj Rajaratnam: guilty of all charges
After a deliberation length that would make Henry Fonda blush, Raj Rajaratnam has been found guilty on all 14 counts of conspiracy and securities fraud. Bernie could now have a cell mate.
From the FT,
[Galleon] SEC phones up Goldman ex-director charges
Highlights (lowlights?) from SEC insider trading charges against Rajat Gupta, a former Goldman director:
Specifically, Gupta disclosed to [Raj] Rajaratnam material nonpublic information concerning Berkshire Hathaway Inc’s (“Berkshire”) $5 billion investment in Goldman Sachs before it was publicly announced on September 23,
[Galleon] Mr Wiretap
An unexpected twist in the Galleon insider trading case.
From Reuters on Tuesday evening:
- SEC FILES CIVIL INSIDER TRADING CHARGES AGAINST DAVID SLAINE, A FORMER HEDGE FUND PORTFOLIO MANAGER – NY COURT DOCUMENT
- SLAINE ALLEGEDLY USED INSIDE INFORMATION FROM MITCHEL GUTTENBERG,
[Galleon] Raj Rajaratnam, Danielle Chiesi indicted
Raj Rajaratnam, founder of the Galleon hedge fund, and Danielle Chiesi – a portfolio manager at New Castle Funds LLC — have been indicted on charges related to the US government’s sweeping investigation into an alleged $20m insider trading ring.
[Galleon] Rajaratnam: ‘I am no Madoff’
From Big Raja’s latest bail modification letter, posted by his lawyers on Monday morning (emphasis FT Alphaville):
Mr. Rajaratnam has carefully worked with Galleon to wind down its business, to take care of the Galleon employees negatively affected by the Government’s sudden arrest of Mr Rajaratnam and its related press conferences,
[Galleon] Raj Rajaratnam denies allegations of insider trading
Raj Rajaratnam, the billionaire founder of the Galleon hedge fund accused by the US Securities and Exchange Commission of insider trading, has rejected the charges against him.
In a court filing on Tuesday,
[Galleon] alpha quadrant
The aim of this document is to show the real life application of the ‘Style Analysis’ feature applied to a hedge fund claiming delivering alphas. We will show how to analyze a fund in terms of its alpha and sector selection skills.
[Galleon] SEC casts its hedge fund net ever wider
The following snaps flashed up on Reuters on Friday:
RTRS-U.S. SEC ENFORCEMENT CHIEF KHUZAMI SAYS SEEING SIGNIFICANT EXPANSION AS TO WHERE GALLEON/HEDGE FUND PROBE IS LEADING
16:48 06Nov09 RTRS-KHUZAMI SAYS SOME HEDGE FUND BUSINESS MODELS,
[Galleon] Zvi Goffer et al – new readers start here
Some 21 individuals and firms are now facing — or have faced — court action stemming out of the investigation into an alleged $20m insider trading ring.
Here’s the re-re-revised complaint from the SEC with details on the sprawling investigation. Get yourself a coffee or something – it’s 50 pages long.
[Galleon] More stoolies in the Rajaratnam-Goffer case
The complaint documents associated with the latest swoop on those allegedly dealing inside make it abundantly clear the FBI has made very extensive use of co-operating witnesses.
In particular, there is bound to be speculation on the identity of someone referred to as “CS-1,”
[Galleon] Analysts, traders, hedgies, attorneys and other Galleon-accused
In the aftermath of the a fresh series of arrests against individuals allegedly involved in a $20m insider trading ring, the SEC released details of an amended complaint on Thursday.
Those featured in the complaint are a motley crew of hedgies,
[Galleon] Great, sinking ship – more arrests in Galleon case
Early in New York on Thursday morning, CNBC reported that seven people had been arrested in what was described only as “an ongoing insider trading case related to hedge funds.”
It has since become clear that the arrests are linked to the allegations against Raj Rajaratnam and the Galleon hedge fund.
[Galleon] Galleon rat report
Okay, okay, that’s just a lame little joke.
Call ‘em what you will — stoolies, narks, informer, a grass, co-operative witnesses. Either way, FT Alphaville does not condone illegal activity in any form.
[Galleon] A closer look at Galleon’s returns
With Galleon-gate now one week old, bloggers have been poring over the fund’s annual returns.
The Pragmatic Capitalist for one, who has posted the Galleon numbers on his blog, smells a rat.”Gauging from the returns,”
[Galleon] Galleon liquidating itself
Galleon co-founder Raj Rajaratnam sent this letter to clients on Wednesday:
Dear Galleon Employees, Clients and Friends,
I have decided that it is now in the best interest of our investors and employees to conduct an orderly wind down of Galleon’s funds while we explore various alternatives for our business.
[Galleon] The Galleon index
Wall Street, as anyone familiar with the failure of Long Term Capital Management will know, treats a teetering hedge fund as carrion crows do a wounded animal.
And with Galleon investors rushing to withdraw money from the scandal hit fund (the WSJ reports about $1.3bn of its $3.7bn of assets having been pulled) the feeding frenzy has begun.
[Galleon] “Put ya money on Galleon!” – Rajaratnam’s rap sheet
Few things in life can further pulverise an already bloodied reputation like a comedy rap song.
Several years before Raj Rajaratnam attracted the attention of the Feds, the billionaire hedge fund manager came up with the idea of commissioning a promotional hip hop ditty to lure in investors.
[Galleon] Rajaratnam alert: Be afraid, be very afraid?
Are we talking about mobsters or investors – or an Elmore Leonard potboiler?
Much was revealed over the weekend about the circumstances leading to Friday’s arrest of billionaire investor and founder of the Galleon Group,
[Galleon] “I’ll be like Martha ……. Stewart” – FBI cracks alleged Rajaratnam ring
Okay, this looks like a big one. The FBI and other US enforcement agencies on Friday moved against an alleged insider dealing ring stretching from Wall Street to Silicon Valley, by way of Bear Stearns,