Sabtu, 19 Maret 2011

Gov't Witness: Galleon Founder Rajaratnam Paid for Tips

NEW YORK — A wealthy hedge fund manager was fed “red hot� information about a pending merger in the technology industry that allowed him to make $20 million on a massive insider trade, an admitted tipster testified March 14.Former financial consultant Anil Kumar said Raj Rajaratnam paid him $1 million and called him a “hero� for providing inside tips about the 2006 acquisition of ATI Technologies Inc. by Advanced Micro Devices Inc. He said he and Rajaratnam

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