Galleon Founder Rajaratnam, Others Charged In Insider Case
16 Oktober 2009 - 5:32PM
Dow Jones News
Galleon Group founder Raj Rajaratnam and five others have been
charged in an $20 million insider-trading case, prosecutors
said.
According to court documents, Rajaratnam, the founder of the $7
billion Galleon Group and portfolio manager for the Galleon
Technology Funds, has been charged with four counts of conspiracy
and eight counts of securities fraud.
Others charged criminally in the case include Rajiv Goel,
director in strategic investments at Intel Corp.'s (INTC)
investment arm; Anil Kumar, a director at global
management-consulting firm McKinsey & Co.; Danielle Chiesi and
Mark Kurland of New Castle Partners LLC, the one-time equity hedge
fund group at Bear Stearns Asset Management Inc.; and Robert
Moffat, a senior vice president at International Business Machines
Corp. (IBM).
Preet Bharara, the U.S. Attorney in Manhattan, is expected to
discuss the case in more detail at a press conference at 1 p.m. EDT
Friday.
-By Chad Bray, Dow Jones Newswires; 212-227-2017;
chad.bray@dowjones.com