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Hedge Fund Founder Meets $100 Million Bail Bond
Published:
Thursday, 22 Oct 2009 | 2:46 PM ET
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By: Reuters
Billionaire Galleon hedge fund founder Raja Rajaratnam, criminally charged in what U.S. authorities describe as the biggest hedge fund insider trading case ever, met the conditions of his $100 million bond on Thursday, a spokesman said.
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cnbc.com |
He was released on $100 million bond on Friday evening after U.S. prosecutors and the FBI charged him and five others in a criminal complaint of running an insider trading network that made more than $20 million in illegal profits.
"Mr Rajaratnam has met the conditions of his bail," said Dan Gagnier, one of his spokesmen.
The case is USA v Rajaratnam et al, U.S. District Court for the Southern District of New York, No. 09-2306.
Copyright 2009 Reuters. Click for restrictions.
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