Raj Rajaratnam of Galleon Group arrested for insider trading
Billionaire Raj Rajaratnam, a partner at hedge fund Galleon Group, and five others were arrested Friday in New York for insider trading in the latest scandal to rock Wall Street.
Galleon Group LLC founder Raj Rajaratnam, arrested in October as part of a first wave of charges accusing him of trading on leaks from corporate officials, hedge fund traders and other insiders, leaves a New York restaurant.