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Galleon Founder Rebuffs SEC Charges

11-25-2009 | Source: emii.com

Galleon Group founder, Raj Rajaratnam, has denied insider trading charges, Reuters reports. He has denied the Securities and Exchange Commission’s charges that he carried out insider trading in Advanced Micro Devices, Akamai Technologies, Clearwire, Google, Hilton Hotels, Intel, PeopleSupport and Polycom.

Rajaratnam also claims he did not offer benefits in exchange for insider tips. The hedge fund manager is one of the 20 people who face criminal or civil charges in the biggest U.S. hedge fund insider trading case.

Click here for the story from Reuters.

Click here for additional coverage from Bloomberg.

 

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