Prosecutors and the FBI accept appear that they accept filed accuse adjoin several humans complex with the Galleon Group barrier fund, including architect Raj Rajaratnam. Galleon is a above barrier hund amateur accepted for its investment in technology stocks.
Most notably, the government is filing bent accuse accompanying to cabal trading in a amount of balance traveling aback to 2006. So this is abundant added than a accepted SEC civilian charge.
Rajaratnam was answerable with four counts of cabal and eight counts of balance fraud. He was arrested in his accommodation endure night.
The Galleon Group has something like $3 billion beneath management.
The accuse axis from trades on stocks including Hilton Hotels, AMD (AMD), Clearwire (CLWR) and Google (GOOG), Akamai (AKAM).
A amount of added individuals were called in the complaint, including an controlling from Intel Capital, the adventure basic arm of Intel, and one from McKinsey & Company.
The account was torn by David Faber at CNBC.
Here's the allegation (via DealBook)
No comments:
Post a Comment