A man accused of insider trading bolted when he spotted cameras outside the courthouse. He continued to run even after his sandals slipped off.» Read More
This afternoon, former Galleon trader Adam Smith, is expected to testify in the Raj Rajaratnam insider trading trial. He's already pleaded guilty to insider trading.
Secretly-recorded audio played by prosecutors reveals a phone conversation between hedge fund executive Raj Rajaratnam and his brother Rengan in which Rengan was concerned that the media had picked up on the deal.
The defense and the prosecution on the trial of Raj Rajaratnam fought more than ever this week over one question.
Goldman Sachs chief Lloyd Blankfein admitted that not all Goldman Sachs clients are created equal in the eyes of the firm.
It's confirmed. Lloyd Blankfein will testify at the trial of Raj Rajaratnam for insider trading, according to letters sent to Judge Holwell, from government prosecutors and Raj's defense (via Bloomberg).
Federal prosecutors say they do plan to call Goldman Sachs Chairman Lloyd Blankfein as a witness in the insider trading trial of Raj Rajaratnam, according to a letter sent to the judge in the case.
On Day 9 of the Raj Rajaratnam insider trading trial, the wiretaps were pulled out again after a day and half of straight testimony from Intel, PeopleSupport and Moody's executives.
I'm not sure if prosecutors are doing an effective job of proving the case against Raj Rajaratnam. But they certainly have proved that Rajat Gupta was a bad seed.
After one week of testimony in the insider trading trial of Galleon Group co-founder Raj Rajaratnam, one thing is clearer than ever: In the brutally competitive world of hedge funds, information is everything. A jury will ultimately decide whether the information Rajaratnam got—and made millions trading with—was illegal inside information. But there is no disputing that he went to great lengths to get it.
There are two different ways the jury can take Anil Kumar's testimony, which finished yesterday.
A wiretapped telephone conversation played earlier this week during the trial of Galleon founder Raj Rajaratnam reveals then-Goldman Sachs director Rajat Gupta disclosing confidential board information to Rajaratnam in 2008.
Former Goldman Sachs board member shares secret information in a recorded call, with CNBC's Scott Cohn.
A recorded telephone call between accused inside trader Rajaratnam and former Goldman Sachs director Rajat Gupta is a key piece of evidence in this high profile case, reports CNBC's Scott Cohn.
A taped conversation played for jurors in the criminal insider trading trial of hedge fund manager Raj Rajaratnam Tuesday indicated the Goldman Sachs board had a "divided" discussion in the summer of 2008 about trying to buy a commercial bank such as Wachovia.
Goldman Sachs considered buying troubled insurer AIG in 2008, according to wire-tapped phone conversations played on Tuesday at the insider trading trial of Raj Rajaratnam.
As previously discussed, one of the bigger revelations that could cause issues for Raj Rajaratnam is that his “business associate and friend,” Rajat Gupta, passed him inside information obtained from Gupta’s post as a board member of Goldman Sachs, which the Galleon founder proceeded to (allegedly!) trade on.
Despite pressure from federal prosecutors overseeing the case against Raj Rajaratnam, the Securities and Exchange Commission pushed ahead with its insider trading case against Rajat Gupta because of his status as a sitting board member on public companies.
Rajat K. Gupta, the former Goldman Sachs director accused by the government of passing insider information about the Wall Street firm, had tried to resign from the Goldman board in the middle of the 2008 financial crisis, only weeks before he is said to have provided the tips to the hedge fund manager Raj Rajaratnam, the New York Times reports.
The insider trading allegations against former McKinsey & Co. chief Rajat Gupta led to a bitter dispute between federal prosecutors and securities regulators, according to people familiar with the matter.
The revelation that there may have been a “third man” at McKinsey with connections to the alleged insider trading schemes of Galleon founder Raj Rajaratnam casts a shadow across the reputation of the famous consulting firm. How deep does the corruption run?