Roomy Khan is the apparent informant in the Galleon / Rajaratnam insider trading case. She is doing so not doing so out of ethics, but to get a lesser charge on a multitude of felonies.
Until recently, she and her husband lived in a 9,000 sq ft home, had lots of money – and settled out of court after a 71 year old domestic worker sued them for being worked more than 14 hours a day, for days on end, for $1300 a month.
That’s the kind of human garbage we’re dealing with too often in these hedge fund cases – nasty, selfish thugs who don’t care who they exploit or how much damage they do as long as they get wealthier.
Whether the market was up or down they cranked out 25% returns like they were printing money. It makes you wonder just how long these guys were trading on insider information?
I have run the risk adjusted returns on hundreds if not thousands of portfolios throughout my career and I have never seen numbers like these. NEVER.
Gauging from the returns I would be willing to bet the insider trading was going on for most of Galleon’s existence.