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Submission + - Galleon Billionaire Convicted of Insider Trading (

Haffner writes: "Hedge fund billionaire Raj Rajaratnam was convicted on all 14 counts of fraud and conspiracy Wednesday in the biggest insider trading case in a generation.

The verdict was an historic victory for the Justice Department, which used tactics once reserved for investigations of mobsters, drug dealers and the like to expose financial professionals and corporate insiders trafficking in such business confidences as details about pending mergers."
No news on sentencing yet, but this looks like the conclusion to a massive insider trading case.

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Galleon Billionaire Convicted of Insider Trading

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