With the entire world, and certainly GETCO's ES and EURUSD algos, focused on every single update out of the Italian Senate race, which now appears certain to not bring the necessary 158 seats to the Bersani-Monti coalition leading to a chaotic revote in the coming months, here is some tangential news of the "who could have ever seen this coming variety." Following last week's Heinz insider trading probe, which implicated a Goldman Sachs account in Zurich belonging to some private wealth client, who was so anonymous
Rajat Gupta, a former Goldman Sachs board member accused of insider trading, could face a 25-year sentence if convicted of sharing confidential Goldman information with Galleon Group's Raj Rajaratnam.Rajat Gupta, a formerGoldman Sachs Group Inc.board member accused of insider trading, won't testify this week in his own defense, his lawyer said.
NEW YORK — Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Monday pleaded not guilty to insider trading charges.
The younger Rajaratnam entered his plea in Manhattan federal court, one day after his arrest at John F. Kennedy International Airport in New York. FBI agents had escorted him to the United States on a flight from Brazil.
Prosecutors on Thursday accused Rengan Rajaratnam, 42, of conspiring with his brother to trade on non-public information concerning Clearwire Corp and Advanced Micro Devices Inc in 2008.
The trial of the biggest suspect in a big US crackdown on Wall Street insider trading, former Goldman Sachs director Rajat Gupta, started Monday in New York.Gupta, 63, could face a double-digit prison sentence if convicted in a probe that last year saw his friend, hedge fund magnate Raj Rajaratnam, sentenced to 11 years for insider trading.Gupta is in part accused of passing hugely sensitive -- and lucrative -- insider information about Goldman Sachs to Rajaratnam, founder of the Galleon Group.