Zvi Goffer

Galleon Group insider trading turns into a largest US scandal with 14 defendants

November 6, 2009 - 3:38am | Fraud | News
Galleon Group insider trading turns into a largest US scandal with 14 defendants

 Federal prosecutors in Manhattan are filing charges against 14 people that are allegedly accused of another insider trading scheme that involved hedge fund managers, top Silicon Valley executives and a group of white-shoe advisers. Complaints were filed against nine individuals and it is unclear if there is any connection with the previous complaints filed three weeks ago against Raj Rajaratnam, the founder of hedge fund Galleon Group, and Danielle Chiesi, an employee at the New Castle Group hedge fund.


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