Raj Rajaratnam verdict: guilty on all 14 counts

Finally, felony convictions for an insider trading hedge fund parasite. He could spend the rest of his life in prison and so should thousands of other Wall Street criminals.

Financial crime news

(Meant to post this earlier. It’s a little old)

Madoff sons assets frozen. What took so long?

7 charged in Galleon insider trading case agree to assist investigators. Rajaratnam must be getting a teensy bit nervous by now Settlements reached in Dreier liquidation case. “”an under-appreciated evil of substantial frauds like those of Marc [...]

Informant in Galleon case lived in mansion, was sued for making maid work 90 hours a week for $1300 a month

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 [...]

Fright Night comes early to Wall Street

The demoness of wiretaps is stalking the hedge funds

It’s not even Halloween yet, but Wall Street already has the heebie jeebies. Hedge funds are going into screaming hysterical panic over the Rajaratnam / Galleon insider trading arrest. Why? The feds used wiretaps to build their cases and the hedgies are wondering if they [...]