Raj Rajaratnam founded the hedge fund management firm Galleon Group in 1997. In early 2009, Rajaratnam was believed to be the richest person from Sri Lanka in the world.
Rajaratnam was one of six people arrested in October of 2009 for a $20-million insider trading case. He was charged with conspiracy and securities fraud. Rajaratnam reportedly received insider information for companies including Hilton Hotels and Google, which he passed on to others.http://online.wsj.com/article/SB125570373292090093.html?mod=WSJ_hpp_LEFTWhatsNewsCollection
References
Fast Facts
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Born
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Birthplace
Sri Lanka
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Industry
Investment services
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Alma mater
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Fact:
Founded the Galleon Group in 1997
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Fact:
Charged with insider trading in October 2009
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Fact:
Allegedly received insider information about Hilton Hotels, Google and other companies
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Reportedly made $12.7 million from transactions related to the insider trading
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Fact:
Charged with securities fraud and conspiracy
