Galleon Capital Management
Preet Bharara on the Galleon Hedge Fund Trial
The June 27, 2011, issue of The New Yorker, on page 42, “A Dirty Business”, George Packer, writes about the biggest insider-trading case in history, and has an exclusive interview with Preet Bharara, the United States Attorney for the Southern District of New York, whose office pursued the investigation. When Bharara took office, in 2009, he made it [...]
Rajaratnam’s Hedge Fund Trial Roundup
As the Sri Lankan born-American hedge fund manager charged with 14 counts of conspiracy and securities fraud awaits trial, speculation is mounting about who will be testifying against him. MarketWatch – U.S. federal prosecutors plan to call Lloyd Blankfein, the chief executive of Goldman Sachs Group Inc,, to testify in the insider-trading trial of Galleon [...]
Jury Selected In Hedge Fund Galleon Case
As the Sri Lankan born-American hedge fund manager charged with 14 counts of conspiracy and securities fraud awaits trial, speculation is mounting about who will be testifying against him, close friends and colleagues, among others. A jury of seven women and five men has been chosen for the trial, which is expected to last more [...]
Former Goldman Director Denies Insider Trading
Rajat Gupta’s lawyer says that SEC charges of insider trading against his client are “totally baseless.” The former Goldman Sachs Director has been charged with allegedly tipping hedge fund manager Raj Rajaratnam off to insider information in the giant SEC vs. Galleon case. Gary Naftalis, Gupta’s lawyer, says that Gupta is not accused of trading in the [...]
Wiretap Evidence To be Used In Hedge Fund Case
A US Judge ordered that hedge fund founder Raj Rajaratnam has to hand over the taped evidence to be used against him at the March 8 trial, Reuters reported today. The hedge fund founder was given untill March to provide expert testimony. However, the Judge ordered the wiretaps to be released immediately. Rajaratnam’s lawyer had requested the suppression of the telephone recordings [...]
Winifred Jiau Pleads Not Guilty To Hedge Fund Securities Fraud
Hedge fund consultant Winifred Jiau has pleaded not guilty to conspiracy and securities-fraud charges in the Galleon investigation. Bail was set at more than $500,000. According to the Seattle Times, the Judge agreed to the bail “Only after she had pledged to turn over the deed to a $25,000 stretch of land and provide $50,000 [...]
Hedge Fund Lawyer: Some Galleon Wiretaps Are Private
A US federal Judge has asked to see a transcript of 18 spousal conversations in the case against Craig Drimal, a trader for the Galleon Group of hedge funds, The Las Vegas Sun reports. Federal agents were eavesdropping on the couple, it was revealed, intercepting 164 calls between Drimal and his wife during two months in late [...]
Galleon Criminal Trial Postponed Until After Civil Suit
According to the Wall Street Journal, the judge presiding over Galleon Group LLC founder Raj Rajaratnam’s criminal trial has finally set a date: October 25, 2010. According to a court document cited on HedgeCo.Net, the judge felt that by postponing the trial until this time, it would “[ensure] a full opportunity for both sides to [...]
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