Monday, May 30, 2011

UNITED STATES - The Galleon founder guilty of insider trading

May 12, Raj Rajaratnam, head of investment fund Galleon, was convicted of fourteen insider trading which he was charged. The verdict, after a sensational trial, made headlines of the daily Wall Street. "This sentence will serve in some quarters to prove that the U.S. financial system is rigged," he laments in an editorial.

The newspaper said the case shows foremost that existing laws make it possible to pinpoint the unscrupulous individuals responsible for illegal transactions.

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