Galleon Group Founder Ordered To Pay Additional $92.8 Million [Civil Lawsuit]

Raj Rajaratnam, founder of the Galleon Group hedge fund, received the longest-ever sentence for insider trading last month  and now he's broken another record. Rajaratnam on Tuesday was ordered to pay a $92.8 million penalty in a civil ... continue

SEC Probes Insider Trading, Targets Firms Who Bet Against Market Directly Before Downgrade

The SEC has sent subpoenas to several hedge funds and other trading outlets to investigate allegations that insider trading allowed some bigger firms to make trades just before Standard & Poor's downgraded the country's AAA rating to ... continue

Arthur Cutillo, 13 Other Hedge Fund Employees Arrested For Insider Trading

14 hedge fund employees, including lawyers and various investors were arrested today by Federal prosecutors this week stemming from various criminal complaints filed against billionaire hedge fund manager Raj Rajarathnam. Included in those arrests was Arthur J. Cutillo, ... continue