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Thanks to the FBI's wiretap, the complaints - filed by the U.S. Attorney's Office (criminal) and the Securities and Exchange Commission (civil) - contain some amazingly sordid snippets. In one, Rajaratnam and Danielle Chiesi, a portfolio manager at another hedge fund, apparently discuss how to avoid attracting the attention of...

Author: /time Magazine | Title: Arrests Open a Window on Hedge-Fund Culture | 10/21/2009 | See Source »

Rajaratnam, the world's 559th richest person according to Forbes magazine at an estimated worth of $1.3 billion, has long faced suspicions of financial misconduct in the island nation where he was born in 1957. He has been accused of being a supporter of the now-defunct Liberation Tigers of...

Author: /time Magazine | Title: Inside Trader Has Long Faced Scrutiny in Sri Lanka | 10/20/2009 | See Source »

Hall's success in calling the oil market is what has led him to demand higher pay than most. In 2003, Hall had the belief that the price of oil would rise dramatically in the next few years. Back then, oil was trading at around $30 a barrel, and coming...

Author: /time Magazine | Title: How Citi's Andrew Hall Made $100 Million Last Year | 10/19/2009 | See Source »

GILAD SHALIT, an Israeli soldier held captive by Palestinian militants since June 2006, in an Oct. 2 video. The tape, provided in exchange for the release of 20 female Palestinian prisoners, is the first evidence since June 2008 that Shalit is still alive

Author: /time Magazine | Title: Verbatim | 10/19/2009 | See Source »

Rigali's argument was that allowing any insurance plan in the public exchange to provide abortion coverage - even if the abortions were paid for out of a separate pool - would constitute federal funding of abortion because some consumers would purchase those health plans using government subsidies. This fungibility argument shifted...

Author: /time Magazine | Title: Will the Church Try to Block Health Reform? | 10/18/2009 | See Source »

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