Federal prosecutors charged 14 hedge fund employees, lawyers and other investors in criminal complaints that seem to be connected to the Galleon case.
(From The New York Times)
The story "14 more charged with insider trading" published November 6, 2009 at 6:02 AM is no longer available on CNET News.
Content from The New York Times expires after 7 days.
December 30, 2009 5:38 PM PST
December 30, 2009 4:57 PM PST
December 30, 2009 4:14 PM PST
Add headlines from CNET News to your homepage or feedreader.
More feeds available in our RSS feed index.
Related quotes
Deep Tech
Long-awaited Bibble 5 raw photo editor arrivesBibble 5 Pro is out, bringing higher performance and a higher price to the raw-photo editing and cataloging software. Also new: selective editing.
Gallery
En route to GPS-based air traffic control (images)
Apple
Report: Apple event to be held January 26Unnamed source tells Fox News that the company will hold a mobile-focused event in San Francisco on January 26, which could be the day its long-awaited tablet makes its debut.
Beyond Binary
Visual Studio launch delayed by 'a few weeks'Microsoft says it's still working to resolve some performance issues related to the Visual Studio 2010 developer tool suite, which was slated for a March release.
Video
Deep-sea volcanic explosion--part 2 (video)
Digital Media
Online holiday sales hit $27 billionE-commerce sales grow 5 percent for the holiday season, reaching $27 billion compared with $25.8 billion last year, says new ComScore report.
Video
Deep-sea volcanic explosion--part 1 (video)
Deep Tech
'Don't-be-evil' Google spurns no-evil softwareOne open-source software programmer's joke--'The Software shall be used for Good, not Evil'--is a serious matter at Google.
The Space Shot
Soyuz craft docks, boosts space station crewA Russian Soyuz spacecraft docked with the International Space Station Tuesday after a smooth, automated approach, boosting the lab's crew back up to five.
Gallery
NASA trains WISE eye on the sky (photos)
Gadgettes, the blog
Gadgettes Podcast 168: The Web obviously-not-exclusive-at-all-anymore EpisodeThere are a LOT of great pre and post-show moments. So many, in fact, that I couldn't possibly fit them all into one episode. As a result, here's a second collection!
Green Tech
Green-tech venture investing cools off in 2009Green tech is still attracting billions of dollars a year, but the amount of money has shrunk significantly as investors began to focus on start-ups with the most potential.
If this isn't organized WHITE COLLAR crime then I don't know what is...
Even in the Galleon case the amount of money Rajaratnam allegedly made through the insider trading scheme is relatively tiny compared to the company's assets & revenues -- we're talking $20 million on a $4+ billion fund averaging double-digit growth.
It would be difficult to argue that Galleon is primarily structured to obtain money through illegal means. In fact it's more interesting to ask why fund managers like Rajaratnam would even bother with an insider trading scheme. The guy is a billionaire... $20 million isn't going to change anything. Maybe ego is the main reason -- people in his position may feel they can get away with anything.