Word: raj
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Dates: during 2000-2009
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...Southern District of New York in October after being confirmed by the U.S. Senate in August (he was nominated for the post by President Obama in May). Oversees about 200 lawyers in one of the nation's most high-profile prosecutor positions. Recently brought charges against billionaire Raj Rajaratnam and 19 others in an extensive and ongoing insider-trading probe...
...apart from these two groups, the government of Nepal - which is not a signatory to the 1951 U.N. convention on refugees that ensures legal protection, other assistance and economic rights of the refugees - does not recognize the other nationalities living in its borders as refugees. According to Basanta Raj Bhattarai, deputy coordinator of the National Unit for Coordination of Refugee Affairs at the Ministry of Home Affairs, the government has requested the UNHCR not to recognize any more cases of urban refugees living in its borders. There are fears, he says, that the country might turn into a safe haven...
...confidential informants - it's the stuff of major mafia investigations and Law & Order reruns. But they're also the tactics used by federal authorities against a slew of dark-suited desk jockeys accused in Wall Street's largest insider-trading scandal in decades. Authorities say billionaire hedge-fund manager Raj Rajaratnam, founder of the Galleon Group, and 19 others illegally used secret information about public companies to inform investments that yielded some $60 million in profits over the past several years. The defendants, who also include traders, lawyers and executives at firms such as IBM and McKinsey & Co., now face...
Prosecutors in Manhattan said they broke up a major insider-trading ring, the largest ever centered in the hedge-fund industry. Raj Rajaratnam, a billionaire co-founder of the Galleon Group, and five others were arrested and charged with earning $20 million off stock trades on the basis of information unavailable to the public. Rajaratnam, whose firm manages $3.7 billion, allegedly relied on a broad network of sources, including executives at IBM and McKinsey & Co., for lucrative tips; one leak about a Google earnings report yielded his firm $8 million in profits in 2007, authorities said. The investigation...
...July 19, 2007, Google reported earnings that were lower than what analysts had expected, and the tech company's stock price dropped 5% - but Raj Rajaratnam made $9 million. Allegedly, the New York hedge-fund manager had gotten a tip that Google's earnings would be below expectations, so he was prepared with short positions and put options that would become more valuable as the stock price fell. The alleged source of the tip: an employee at an investor-relations firm that helped Google announce its earnings who wanted to be paid for similar informational gems in the future...