‘Covert Investigations’ Ongoing In Galleon Case

Apr 29 2010 | 8:14pm ET

Twenty-one people have been charged in the Galleon Group insider-trading case. Two others may soon join them, according to a court decision this week.

“Covert investigations” of two people continue in the case, U.S. District Judge Richard Holwell wrote in a decision rejecting Galleon founder Raj Rajaratnam’s move to obtain unredacted interview transcripts with Roomy Khan, a former Galleon trader and a key witness for the prosecution.

The redacted sections of the Khan interviews include information “related to ongoing covert investigations involving two individuals occasionally mentioned in the Khan documents.” The identities of the two are unclear, as is whether there are other covert probes ongoing into others.

But one of the redacted names appears to have something to do with Akamai Technologies, one of the 22 companies Rajaratnam is alleged to have traded illegally. Akamai CEO Paul Sagan says that individual has left the company and “was not an executive,” Reuters reports.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.