galleon

Rajat K. Gupta, the most prominent executive ensnared in an aggressive insider trading investigation and a former director of Goldman Sachs, is expected to surrender to authorities.

The sentence handed down to Raj Rajaratnam, former chief of the Galleon Group, marks a watershed in the government’s campaign to root out insider trading.

What made Raj Rajaratnam, who was convicted of fraud and conspiracy Wednesday, stand out in the hedge fund world was his deep set of contacts inside executive suites and on trading floors.

The government’s insider trading conviction of hedge fund manager Raj Rajaratnam is a step — albeit a small one —  toward restoring investors’ confidence in the financial markets.

The jury in Raj Rajaratnam’s insider trading trial has heard much about Rajat Gupta, once one of the world’s most respected businessmen.

The Goldman Sachs chief executive described what was discussed at board meetings, information that prosecutors say was later leaked by a former Goldman director to Raj Rajaratnam.

March 9 -- Julie Blackman, principal at trial consultation firm Julie Blackman & Associates, talks about the outlook for the insider-trading trial of Galleon Group LLC co-founder Raj Rajaratnam.

The two-year-old wiretaps first used in the Galleon Group case are expected to be used to investigate other suspected cases of insider trading.

A former director of McKinsey & Co told a court on Thursday that Galleon hedge fund founder Raj Rajaratnam paid him $1.75 million in exchange for tips on clients of the consulting firm, giving prosecutors potentially more ammunition in the insider-trading case.

A further 14 individuals have been charged in connection with the alleged $20m insider trading scheme at US hedge fund Galleon Group.