Hedge Fund Chief Is Charged With Fraud - NYTimes.com: "By all appearances, Raj Rajaratnam was a self-made billionaire, having built Galleon Group into a giant hedge fund with a specialty in technology companies.
Preet Bharara, the United States attorney, said the charges were “a wake-up call for Wall Street.”
But prosecutors said on Friday that he had profited not from his trading genius but from his Rolodex, and they arrested him on charges of conspiracy and securities fraud in what they called the biggest insider trading scheme ever involving a hedge fund..."
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