Having All the Information FIRST Is a Big Advantage?
April 4th, 2011
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Huge Insider Trading Case Features Multibillion-Dollar Deals, Wiretaps
http://www.aolnews.com/2011/04/04/insider-trading-case-against-raj-rajaratnam-features-multibillio/
Rajaratnam, the 53-year-old founder of the Galleon Group hedge fund, has sat in court from the first day of the trial, which began in March, and heard his old classmates from the Wharton School of the University of Pennsylvania testify against him.
In the past 3 1/2 weeks, the government has played secretly recorded conversations in which Rajaratnam and his sources exchange information about the quarterly earnings of companies and what deals are brewing in different boardrooms.
Galleon Group hedge fund co-founder Raj Rajaratnam leaves Manhattan Federal Court on March 23 during his trial on insider trading charges in New York City. The prosecution has called four key witnesses including Lloyd Blankfein, the head of Goldman Sachs Group, who was asked to testify about a former director in the firm, Rajat Gupta.
I need to start a brokerage. I want 0.05% of all the transactions, and access to all that activity 1 second ahead of the world. I could make a few bucks even if I was as stupid as these guys.
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