Thursday, 2 October 2014
Last updated 35 min ago
Sep 13 2012 | 7:48am ET
Rajiv Goel, one of the key witnesses against Galleon Group founder Raj Rajaratnam at the latter's trial last year, has had his sentencing postponed.
Goel, a longtime Rajaratnam friend and former Intel Corp. employee, was to be sentenced yesterday. Instead, he'll learn his fate on Sept. 21.
Goel faces up to 25 years in prison on his conspiracy and fraud guilty pleas. But prosecutors have urged U.S. District Judge Barbara Jones to show leniency, calling Goel's cooperating "extraordinarily helpful."
"Goel testified against one of his closest friends who had provided him with substantial financial assistance over many years," prosecutor Reed Brodsky wrote to the judge. "Although Goel did not express it or complain about it, he had to overcome the emotional aspect of providing assistance and trial testimony that helped demonstrate his close friend was guilty of multiple counts of securities fraud."
Goel was one of three key cooperating witnesses at the trial against Rajaratnam, which ended in his conviction and sentencing to 11 years in prison. The other two have both been sentenced and neither was sent to prison.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...