$25M-plus insider trading case

“One of America’s wealthiest men was among six hedge fund managers and corporate executives arrested Friday in a hedge fund insider trading case that prosecutors say generated more than $25 million in illegal profits and should be a wake-up call for Wall Street.”

Breakdown: Raj Rajaratnam

• Partner in Galleon Management
• Portfolio manager for Galleon Group,
• Hedge fund with up to $7 billion in assets under management
• 52 years old
• Ranked No. 559 by Forbes magazine this year among the world’s wealthiest billionaires
• $1.3 billion net worth.
• Born in Sri Lanka
• Graduate of University of Pennsylvania’s Wharton School of Business

“Raj has been described as a savvy manager of billions of dollars in technology and health-care hedge funds at Galleon, which he started in 1996. The firm is based in New York City with offices in California, China, Taiwan and India. He lives in New York.”

“The firm added that Galleon “continues to operate and is highly liquid.”

Breakdown: Also Charged

Rajiv Goel, 51, of Los Altos, Calif.,

• Director of strategic investments at Intel Capital,
• Investment arm of Intel Corp.,

Anil Kumar, 51, of Santa Clara, Calif.,

• Director at McKinsey & Co. Inc., a global management consulting firm,

Robert Moffat, 53, of Ridgefield, Conn.,

• Senior Vice President and group executive at International Business Machines Corp.’s Systems and Technology Group.

Danielle Chiesi, 43, of New York City,

• Worked for New Castle, the equity hedge fund group of Bear Stearns Asset Management Inc
• Assets worth about $1 billion under management

Mark Kurland, 60, also of New York City.

• Top executive at New Castle

Read Article: Billionaire among 6 nabbed in inside trading case