Business ::
New York, NY (GenevaLunch) – Six people involved with hedge funds have been arrested in the US by the FBI and charged with insider trading. The group includes Raj Rajaratnam, who founded the Galleon Group, and who is on a Forbes magazine list of the world’s wealthiest people, worth an estimated $1.3 billion. Rajaratnam held a plane ticket for Geneva for the coming week, prosecutors say. Galleon is estimated to have $7 billion in assets under management. It appears that the group was arrested now because Rajaratnam had been tipped off that one of them was being listened to by the FBI.
