Monday, October 19, 2009

Raj Rajaratnam, Galleon Group Founder Charged in Insider Trading

Raj Rajaratnam, the Galleon Group founder has been charged along with five others ttoday for their part in a $20 million insider-trading case. Raj Rajaratnam himself has been charged with four counts of conspiracy and eight of securities fraud.

Raj is the founder of the Galleon Group, worth $7 billion, but he is also the portfolio manager for the Galleon Technology Funds, but he is charged with Rajiv Goel, Anil Kumar, Danielle Chiesi, Mark Kurland and Robert Moffat.

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