{"id":16395,"date":"2010-06-24T08:06:00","date_gmt":"2010-06-24T12:06:00","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=16395"},"modified":"2010-06-24T08:12:48","modified_gmt":"2010-06-24T12:12:48","slug":"galleon-trial-hedge-fund-founder-asks-for-details-of-charges","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2010\/galleon-trial-hedge-fund-founder-asks-for-details-of-charges.html","title":{"rendered":"Galleon Trial: Hedge Fund Founder Asks For Details of Charges"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/06\/610x.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-16398\" title=\"Chiesi  and Rajaratnam\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/06\/610x-300x130.jpg\" alt=\"\" width=\"300\" height=\"130\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2010\/06\/610x-300x130.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2010\/06\/610x.jpg 320w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.net) &#8211; Reuters reports that Galleon hedge fund  founder Raj Rajaratnam and co-defendant Danielle Chiesi are asking more details of the purportedly illegal trades they  are charged with, as well as  separate trials.<\/p>\n<p>Rajaratnam and Chiesi  are alleged to have made $49 million in illegal profits, and are accused of insider trading and  securities fraud. The majority of the stocks are in technology, including, IBM,  Intel, Akamai Technologies Inc, Polycom Inc, Hilton Hotels Corp, Google  Inc, Sun Microsystems Inc SUNW.TI, Clearwire Corp, Advanced Micro  Devices, ATI Technologies Inc and eBay Inc.<\/p>\n<p>Both Rajaratnam and Chiesi, have pleaded  not guilty to all charges, they are  the principal defendants in a case in which 11 of the 21 accused have  pleaded guilty to securities fraud and conspiracy charges.<\/p>\n<p>&#8220;It&#8217;s  been heralded as the biggest hedge fund insider trading case in history  and yet we don&#8217;t have the trades,&#8221; Robert Hotz, a lawyer for  Rajaratnam, told Manhattan federal court Judge Richard Holwell during a  two-hour oral argument attended by Rajaratnam and Chiesi, according to Reuters.<\/p>\n<p>They are  scheduled to go on trial on October 25. The judge reserved  ruling on defense requests for more details on the charges, a request to  drop certain charges and to order separate trials for Rajaratnam and  Chiesi, Reuters said.<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; Reuters reports that Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi are asking more details of the purportedly illegal trades they are charged with, as well as separate trials. Rajaratnam and Chiesi are alleged [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3],"tags":[],"class_list":["post-16395","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=16395"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16395\/revisions"}],"predecessor-version":[{"id":16397,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16395\/revisions\/16397"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=16395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=16395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=16395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}