Galleon Earned Millions On Insider Tips, FBI Says

Law360, New York (April 5, 2011, 10:15 PM EDT) -- Records show that Galleon Group LLC and the hedge fund's founder, Raj Rajaratnam, earned tens of millions of dollars on trades closely tied to communications with alleged insiders, an FBI special agent testified Tuesday in an ongoing trial in New York.

Under exhaustive questioning by Assistant U.S. Attorney Reed Brodsky in the U.S. District Court for the Southern District of New York, James C. Barnacle Jr., acting supervisor of the FBI's financial institutions fraud squad, described a series of exhibits laying out the federal government's documentary...
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