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Article: Manhattan U.S. Attorney Charges Hedge Fund Managers, Fortune 500 Executives, and Management Consulting Director in $20 Million Insider Trading Case

Article from:
U.S. Newswire
Article date:
October 16, 2009
Copyright

To: NATIONAL EDITORS

Contact: Yusill Scribner, Rebekah Carmichael, Janice Oh, all of the U.S. Department of Justice, +1-212=637-2600

NEW YORK, Oct. 16 /PRNewswire-USNewswire/ -- Preet Bharara, the U.S. Attorney for the Southern District of New York, and Joseph Demarest, Jr., Assistant Director-in-Charge of the New York Office of the FBI, today announced charges against six individuals arising out of their alleged involvement in the largest hedge fund insider trading case in history. The defendants include: Raj Rajaratnam, the Managing Member of Galleon Management, LLC (Galleon), and a portfolio manager for Galleon Technology Offshore, Ltd.; Danielle Chiesi, an employee of New Castle Funds, ...

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