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Daily Intelligencer - New York Magazine (Free subscription) | 5 hours ago
If the modern-day cougar, as Emily Nussbaum recently wrote in New York , is classically defined as a "vain, horny, lacquered, mouthy" older woman, unapologetic about getting what she wants, then Danielle Chiesi is a prime example of the breed, according to today's oddly slut-shamey Bloomberg article on the 44-year-old New Castle analyst, who was recently charged as part of the Galleon insider-trading...
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DealBreaker (Free subscription) | 11 hours ago
Ever since Galleon Group founder Raj Rajaratnam went down for insider trading, and one of his biggest accomplices, Danielle Chiesi went down with him, we've been using the picture at left of the latter (one of the few available). And every single time we've done so, we've immediately received a flurry of emails imploring us to find a better one, not simply because the photo in question hurts some...
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Institutional Financial Derivatives (Free subscription) | 6 hours ago
The U.S. Securities and Exchange Commission will focus on financial instruments such as derivatives as it broadens a crackdown on insider trading by hedge funds, enforcement director Robert Khuzami said. “The days of insider-trading scrutiny being focused almost solely on the equity markets are now gone,” Khuzami said today at a New York legal conference on hedge-fund regulation. After...
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Bloomberg (Free subscription) | 11/21/2009
Nov. 21 (Bloomberg) -- A court hearing to determine whether a 2001 criminal case against the chief accuser of Galleon Group founder Raj Rajaratnam will be unsealed was delayed for two weeks.
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Bloomberg (Free subscription) | 11/19/2009
Nov. 19 (Bloomberg) -- Federal prosecutors in California won’t oppose the unsealing of a 2001 criminal case against the chief accuser of Galleon Group founder Raj Rajaratnam, according to a court filing by the hedge fund executive’s lawyer.
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The Business Insider (Free subscription) | 11/19/2009
The man called "G" in the criminal complaint filed earlier this month in the wide-reaching New York inside trading case is a former Galleon executive. Wall Street Journal : A defendant accused of exchanging a case of cash for inside information has ties to Galleon Group's former No. 2 executive—the first link between a top executive at the hedge fund and smaller-time players cited...
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The Business Insider (Free subscription) | 11/17/2009
Raj is still "confident" he can win. Earlier today we noted that prosecutors in the Raj Rajaratnam insider trading case requested 30 more days before they file indictment papers in order to "engage in further discussions with counsel about disposition of these cases." We also said that such requests are made for a variety of reasons, including, of course, for what the filing documents...
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The Guardian (Free subscription) | 11/17/2009
A new book reveals how US federal prosecutors twist the law to criminalise legal activities, with connivence from the media Sharp-elbowed business executives and grasping politicians may not be especially popular figures within the American iconography. But membership in any of those classes is not a federal crime. Except when it is. In an important new book, Three Felonies a Day: How the Feds Target...
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Globe and Mail (Free subscription) | 11/17/2009
Accused of insider trading in U.S., few on the island of his birth will say anything about him
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EconomicPolicyJournal.com (Free subscription) | 11/17/2009
Prosecutors filed papers in federal court today saying that they and attorneys for billionaire Raj Rajaratnam and the five others charged a month ago in an insider trading case "have been engaged in, and are continuing, discussions concerning a possible disposition of these cases," according to Reuters.This could very well mean that Raj or some of the others charged are trying to cut a deal...
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Reuters UK (Free subscription) | 11/17/2009
COLOMBO (Reuters) - Billionaire hedge fund titan Raj Rajaratnam's shadow in Sri Lanka is so big that his arrest in the United States initially knocked 5 percent off the local stock market.
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The Business Insider (Free subscription) | 11/17/2009
Will what would be the most watched insider trading trial in years never be a trial at all? Prosecutors filed papers in federal court today saying that they and attorneys for Raj Rajaratnam and the five others charged a month ago "have been engaged in, and are continuing, discussions concerning a possible disposition of these cases," according to Reuters . Reuters : Rajaratnam, a Sri Lankan-born...
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Reuters (Free subscription) | 11/17/2009
NEW YORK (Reuters) - Galleon Group founder Raj Rajaratnam and five others charged a month ago in the biggest U.S. hedge fund insider trading case will be in talks with prosecutors for at least another month over the allegations against them, court documents said on Monday.
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Times Online (Free subscription) | 11/16/2009
Raj Rajaratnam, the billionaire at the centre of the Galleon Group insider-trading case, has asked the court to unseal records of an earlier criminal charge against the Government’s main witness.
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The Daily Caveat (Free subscription) | 11/16/2009
Arrested late last week, Zvi Goffer's name has emerged as a lynchpin for insider information in the Galleon Group insider trading case. The track suit-wearing Goffer's activities represent another crooked crew operating alongside and in concert with the Raj Rajaratnam-led hedge fund scheme. One of Goffer's alleged key sources, Ropes and Gray attorney Arthur Cutillo, was also arrested.Given how
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