Posts Tagged ‘fraud’

raj

Sweeping guilty verdict against Rajaratnam

Galleon Group hedge fund founder Raj Rajaratnam was found guilty of 14 securities fraud and conspiracy charges on Wednesday, in a vindication for the government’s use of aggressive tactics in prosecuting insider trading on Wall Street.

Texas businessman convicted in Va.

A federal jury in Virginia has convicted a Texas businessman on seven counts of mail fraud, money laundering and securities fraud.