P.S. from Prosecutors to the Galleon Hedge Fund Case

November 14, 2010 James Heinsman Hedge Fund News

In 2009, US prosecutors charged Raj Rajaratnam, the founder of the Galleon hedge fund, and several others with illegal insider trading. Prosecutors described the Galleon case as the most significant probe of insider trading at US hedge funds.

This past Friday night, the prosecutors revealed the names of two additional defendants in the case. Former hedge fund manager Thomas Hardin and former trader Franz Tudor had pleaded guilty last year, Hardin on December 21st and Tudor on October 29th, of 2009.

Also on Friday night, the US SEC announced that they would be filing civil charges against Tudor and Hardin, as well as against Hardin’s company, Lanexa Management LLC. This brings to 23 the number of former financiers who have been charged either criminally or civilly in the Galleon case.

Franz Tudor, Galleon hedge fund, illegal insider trading, Lanexa Management LLC, SEC,

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