US prosecutors have dropped two insider trading-related charges against former Galleon Group hedge fund portfolio manager Rengan Rajaratnam, the second time in two weeks the government has whittled down its case against him.
Indian-origin US prosecutor Preet Bharara`s office has recovered nearly USD four billion from criminal and civil cases since January 2013, including significant forfeitures from JPMorgan Chase, SAC Capital Advisors and jailed hedge fund founder Raj Rajaratnam.
Seven traders and lawyers have pleaded not guilty in the USD 52 million insider trading scam, one of the largest in American history, in which Sri Lankan billionaire Raj Rajaratnam is alleged to be the ringleader.
A former executive of New Castle hedge fund has pleaded guilty to an insider trading scam, one of the largest in US history, in which Sri Lankan billionaire Raj Rajaratnam is alleged to be the ringleader.
Victims of the Tamil Tiger militant attacks in Sri Lanka have sued billionaire hedge fund manager Raj Rajaratnam, charged in a USD 25 million insider trading case, for allegedly helping finance the separatist rebels.