Saturday, October 17, 2009

Is there any investment kingpin that isn't a kingpin in the criminal sense?

Is there any investment kingpin that isn't a kingpin in the criminal sense? I don't get it. Am I really just THAT naive to what types of people there are in this world? Am I THAT hopeful that there are actually people that care? This GREED is incredibly like energy in the universe. Equal and Opposite Reaction. Think Einstein.

Billionaire Raj Rajaratnam charged in insider trading case

By Laurie Bennett

October 17, 2009 at 10:27am

Describing it as the “largest hedge fund insider trading case” ever, federal authorities charged billionaire Raj Rajaratnam and five business executives Friday with conspiracy and securities fraud.

Rajaratnam, listed as number 236 on the Forbes list of richest Americans, is the founder of Galleon Group hedge fund. A native of Sri Lanka, he began his investment banking career at Needham & Co., and founded Galleon in 1997.

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