FBI makes more arrests in Galleon case

Hedge fund criminal probe widens

The investigation into the alleged insider trading scheme involving billionaire Raj Rajaratnam escalated on Thursday with federal prosecutors filing criminal charges against 14 individuals, including attorneys and Wall Street professionals.

A press conference is expected to be held later on Thursday to detail the charges.

Last month, Mr Rajaratnam – the founder of Galleon hedge fund –and five other individuals were charged by federal prosecutors and the US Securities and Exchange Commission in relation to the alleged insider trading scheme that netted more than $20m.

Full Story FT.com / US / Society – FBI makes more arrests in Galleon case.

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    If we don't change our ways soon...

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