{"id":39214,"date":"2013-11-19T06:23:59","date_gmt":"2013-11-19T11:23:59","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=39214"},"modified":"2013-11-19T06:23:59","modified_gmt":"2013-11-19T11:23:59","slug":"galleon-hedge-fund-billionaires-conviction-upheld","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2013\/galleon-hedge-fund-billionaires-conviction-upheld.html","title":{"rendered":"Galleon: Hedge Fund Billionaire\u2019s Conviction Upheld"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/01\/4487348906_a456b727a1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-20238\" alt=\"Galleon\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/01\/4487348906_a456b727a1-300x298.jpg\" width=\"300\" height=\"298\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/01\/4487348906_a456b727a1-300x298.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/01\/4487348906_a456b727a1-150x150.jpg 150w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/01\/4487348906_a456b727a1.jpg 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.Net) &#8211; Billionaire and convicted hedge fund founder Raj Rajaratnam requested a review of his\u00a0May 2011 conviction. Yesterday a\u00a0federal appeals court refused to disturb the insider trading conviction, the Chicago Business Tribune reports.<\/p>\n<p>The Sri Lankan-born American who founded the New York hedge fund Galleon Group, was found guilty on 14 counts of conspiracy and securities fraud in May 2011.\u00a0Rajaratnam is currently serving an 11-year prison sentence.<\/p>\n<p>In connection, Rajat Gupta also received a prison sentence of 2 years in federal prison in October 2012. He was accused of conspiracy and securities fraud crimes stemming from his involvement in an insider trading scheme with his business partner and friend, Rajaratnam.<\/p>\n<p>The Galleon Group\u00a0was one of the largest hedge fund management firms in the world, managing over $7 billion, before closing in October 2009.\u00a0Five others were arrested and charged with multiple counts of fraud and insider trading.<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<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>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Billionaire and convicted hedge fund founder Raj Rajaratnam requested a review of his\u00a0May 2011 conviction. Yesterday a\u00a0federal appeals court refused to disturb the insider trading conviction, the Chicago Business Tribune reports. The Sri Lankan-born American who [&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-39214","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\/39214","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=39214"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39214\/revisions"}],"predecessor-version":[{"id":39218,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39214\/revisions\/39218"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=39214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=39214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=39214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}