Saturday, October 24, 2009

FROM SCHUMER'S "BRAIN" HANK MORRIS TO AL VILLALOBOS IT PAYS TO BE A PLACEMENT AGENT OR DOES IT ?


The Week In Private Equity: Looking To Orwell For Inspiration

Wall Street Journal (blog) - Josh Beckerman - ‎

It's investigating more than $50 million in fees paid to Arvco Financial Ventures LLC, a placement agent run by former Calpers board member Al Villalobos. ...


CalPERS reviews its relationship with Apollo

AltAssets - ‎

Of particular interest is payment of fees by Apollo to ARVCO Financial Ventures, a firm headed by former CalPERS board member Al Villalobos, according to a ...


California pension reform won't end pay-to-play schemes

Reuters - Paritosh Bansal - ‎

... paid by private equity firm Apollo Management and others to ARVCO Financial Ventures LLC, a firm headed by former Calpers board member Al Villalobos. ...


After a Decade-Plus Together, Calpers Reviews Apollo Ties

Wall Street Journal - Craig Karmin, Peter Lattman - ‎Oct 22, 2009‎

Arvco is headed by Al Villalobos, who served on Calpers's board for two years in the 1990s. Apollo paid $48 million to Arvco to help it secure investments ...


Calpers reviewing relationship with Apollo-WSJ

路透中国 - Michael Erman - ‎Oct 22, 2009‎

... fund listed several of Apollo's funds as having paid fees to ARVCO Financial Ventures, a firm headed by former Calpers board member Al Villalobos. ...


Calpers reviewing relationship with Apollo: report

Reuters - Michael Erman - ‎Oct 22, 2009‎

... fund listed several of Apollo's funds as having paid fees to ARVCO Financial Ventures, a firm headed by former Calpers board member Al Villalobos. ...


Our View: calpers agents should scrutinized

Merced Sun-Star - ‎Oct 22, 2009‎

That investment in a Texas-based private equity firm was pushed by Al Villalobos, a former member of the calpers board. After leaving calpers in 1995, ...


Trustee's firm faces financial probe

The Dartmouth - Elise Quinones - ‎Oct 20, 2009‎

... ARVCO Financial Ventures LLC, a placement agent firm headed by former CalPERS Board Member Al Villalobos, according to an Oct.14 CalPERS press release. ...


Bank sued over pension funds' currency charges

San Francisco Chronicle - Carolyn Said - ‎Oct 20, 2009‎

In a separate matter, Al Villalobos, a former CalPERS board member, is being investigated in an alleged "pay to play" scheme, which alleges he collected $50 ...Important questions for CalPERS

Long Beach Press-Telegram - ‎Oct 20, 2009‎

That investment in a Texas-based private equity firm was pushed by Al Villalobos, a former member of the CalPERS board. After leaving CalPERS in 1995, ...


The Daily Walk of Shame: CalPERS

Motley Fool - Tim Beyers - ‎Oct 20, 2009‎

CalPERS gets today's dunce's cap for allowing what appears to have been a cozy, multiyear relationship between its investment staff and Al Villalobos, ...


Survey: No to sole trustee

Pensions & Investments - Jeff Nash - ‎Oct 19, 2009‎

... of more than $50 million in fees over five years to ARVCO Financial Ventures, a placement agent headed by former CalPERS board member Al Villalobos. ...


RPT-NEWSMAKER-Calpers controversy not first for Apollo's Black

Reuters - Paritosh Bansal, Steve Eder - ‎Oct 19, 2009‎

... listed several of Apollo's funds as having paid fees to ARVCO Financial Ventures, a firm headed by former Calpers board member Al Villalobos. ...


CORRECTED - NEWSMAKER-Calpers controversy not first for Apollo's Black

Reuters - Paritosh Bansal, Steve Eder - ‎Oct 16, 2009‎

... listed several of Apollo's funds as having paid fees to ARVCO Financial Ventures, a firm headed by former Calpers board member Al Villalobos. ...


US Pensions Could Learn from Europe

Markets Media News - Natasha Gural - ‎Oct 16, 2009‎

... Apollo Management, to firms including Arvco Financial Ventures, which is helmed by Al Villalobos, who served on CalPER's board from 1993 to 1995. ...


CalPERS' pay-to-play protection may have holes

The Daily Deal - ‎Oct 16, 2009‎

... to $50 million were paid over five years to Arvco Financial Ventures LLC, an intermediary headed by a former CalPERS board member Al Villalobos. ...


RPT-Calpers fee probe stokes concerns of local officials

Forbes - Jim Christie - ‎Oct 16, 2009‎

The $200 billion pension fund is reviewing placement agent fees paid to former board member Al Villalobos' firm for private equity investments overseen by ...


CalPERS reviewing fees paid to outside manager

San Bernardino Sun - ‎Oct 15, 2009‎

... is reviewing payments of $50 million over a five-year period to Arvco Financial Ventures, which is headed by former CalPERS board member Al Villalobos. ...


CalPERS reviews US$50m fees to placement agent

Financial Standard - ‎Oct 15, 2009‎

... CalPERS internal records show that the sum was paid over five years to ARVCO Financial Ventures LLC, a placement agent firm headed by Al Villalobos, ...

Business briefs: New jobless claims fall to lowest level since January

Fort Worth Star Telegram - ‎Oct 15, 2009‎

... that it is reviewing payments of $50 million over five years to Arvco Financial Ventures, which is headed by former Calpers board member Al Villalobos. ...


Calpers fee probe stokes concerns of local officials

Reuters - Jim Christie - ‎Oct 15, 2009‎

The $200 billion pension fund is reviewing placement agent fees paid to former board member Al Villalobos' firm for private equity investments overseen by ...


About this author:

Seeking Alpha (blog) - John Lounsbury - ‎Oct 15, 2009‎

The WSJ article, as quoted by Gwen, specifically identifies Arvco Financial Ventures, headed by Al Villalobos, who served on Calpers' board 1993-95. ...


CALPERS corruption: A plan to make New Yorkers homeless, and $50M to blowhard ...

LA Weekly - Jill Stewart - ‎Oct 15, 2009‎

California taxpayers unknowingly handed a cool $50 million to braggart Al Villalobos, and now the inept leaders ...


Trip's morning reading: Investment scandals hit California

The New Mexico Independent - Trip Jennings - ‎Oct 15, 2009‎

... is reviewing payments of $50 million over a five-year period to Arvco Financial Ventures, which is headed by former CalPERS board member Al Villalobos. ...


Calpers Rocked by 'Pay-to-Play'

Wall Street Journal - Craig Karmin, Peter Lattman - ‎Oct 15, 2009‎

Arvco is headed by Al Villalobos, who served on Calpers's board from 1993 to 1995. Calpers made no accusation of wrongdoing. "We are gathering facts to ...


CalPERS reviews $50m fee paid to board member

Global Pensions - Raquel Pichardo-Allison - ‎Oct 15, 2009‎

... received information from one of its money managers that the firm had paid $50m to ARVCO Financial Ventures, a placement agent owned by Al Villalobos. ...


AP Business NewsBrief at 8:14 am EDT

TMCnet - ‎Oct 15, 2009‎

... is reviewing payments of $50 million over a five-year period to Arvco Financial Ventures, which is headed by former Calpers board member Al Villalobos. ...


Calpers reviewing fees paid to outside manager

The Associated Press - ‎Oct 15, 2009‎

... is reviewing payments of $50 million over a five-year period to Arvco Financial Ventures, which is headed by former Calpers board member Al Villalobos. ...


Calpers: Insider got $50M for bad investment advice

San Jose Business Journal - ‎Oct 15, 2009‎

... said it is doing a "special review" into payments by money managers to firms including Arvco Financial Ventures LLC which is headed by Al Villalobos. ...


CalPERS Reviews Placement Agent Fees

Emii.com - ‎Oct 15, 2009‎

The placement agent is headed by former CalPERS board member, Al Villalobos, who held the position from 1993- 1995. CalPERS' investment funds have reported ...


Calpers rocked by 'pay to play'

FT Alphaville (blog) - Gwen Robinson - ‎Oct 14, 2009‎

Calpers said it is launching a “special review” into money managers' payments to firms including Arvco Financial Ventures, headed by Al Villalobos, ...


Calpers Rocked by 'Pay to Play'

Wall Street Journal (blog) - Craig Karmin, Peter Lattman - ‎Oct 14, 2009‎

Arvco is headed by Al Villalobos, who served on Calpers's board from 1993 to 1995. Calpers made no accusation of wrongdoing. "We are gathering facts to ...


UPDATE 2-Calpers launches probe of placement agent fees

Reuters India - Jim Christie, Svea Herbst-Bayliss - ‎Oct 14, 2009‎

... to ARVCO Financial Ventures LLC, a firm headed by former Calpers board member Al Villalobos, who served on the fund's board between 1993 and 1995. ...


CalPERS reviews fees paid to placement agents

Pensions & Investments - Timothy Inklebarger - ‎Oct 14, 2009‎

... some of its managers paid a total of more than $50 million in fees over five years to an agency headed by former CalPERS board member Al Villalobos. ...


Calpers probes fees paid to insider's firm

Bizjournals.com - ‎Oct 14, 2009‎

... $50 million in fees over a five-year period to Arvco Financial Ventures LLC, a placement agent firm headed by former Calpers board member Al Villalobos. ...


CalPERS Announces Launch of Investment Middlemen Probe

istockAnalyst.com (press release) - ‎Oct 14, 2009‎

Former board member Al Villalobos, who runs a placement-agent firm called Arvco, earned an estimated $50 million in fees over a five-year period. ...


CalPERS probes fees paid to insider's firm

Bizjournals.com - ‎Oct 14, 2009‎

... $50 million in fees over a five-year period to Arvco Financial Ventures LLC, a placement agent firm headed by former CalPERS board member Al Villalobos. ...


Calpers probes fees to former board member: WSJ

MarketWatch - Wallace Witkowski - ‎Oct 14, 2009‎

... in fees paid to Arvco Financial Ventures LLC over a five-year period. Arvco is a placement agent firm headed by former Calpers board member Al Villalobos.

===============================================


From the East Coast to the West Coast Pensiongate is a national scandal.


It all started in a city called Albany in a state called New York.


At the center of it all is Hank Morris the "BRAIN" behind "King" Breakfast, Lunch & Dinner Schumer victory over Al D'Amato in 1998


VJ Machiavelli


VJ Machiavelli



Friday, October 23, 2009

MA KEEP AN EYE OUT FOR MARC CORRERA HE SEEMS TO BE MISSING


Lawsuit alleges NM broker evading damage suit

The Associated Press - Barry Massey - ‎


SANTA FE, N.M. — A former investment officer for a state educational pension fund says a politically connected Santa Fe broker and his father are dodging a whistleblower lawsuit alleging improper political pressures on investment decisions.

Marc Correra, and his father, Anthony Correra, are defendants in a lawsuit brought by Frank Foy earlier this year seeking to recover money on behalf of the state for losses on pension fund investments.

Foy's lawyer, Victor Marshall, said Thursday the Correras have not been served with a summons about the lawsuit despite efforts to locate them since May.

In a court filing, Marshall said "Marc Correra has disappeared" and apparently has left the country. It also said Anthony Correra's house in Albuquerque "appears to be deserted" and that "it is not known whether Anthony Correra has left the United States."

Sam Bregman, a lawyer for Marc Correra, declined to comment on the latest allegations in the lawsuit.

Jason Bowles, a lawyer for Anthony Correra, said his client "is not trying to hide from anything."

"He is in the country. He has just not been served," said Bowles.

In an affidavit filed with the court, a process server said he went to Anthony Correra's house in late May and a man said Correra was not there. The man identified himself as a friend of Correra. After closing the door, the man was overheard to say, "Somebody was here trying to serve you."

According to another affidavit, Marc Correra's assistant told a process server late last month that Correra was "out of the country on an extensive sightseeing tour."

According to state records, Marc Correra got a share of nearly $22 million in fees as a third-party placement agent to help money management firms win investments with the State Investment Council and a state educational pension fund in 2003-2008.

Anthony Correra, political supporter of Gov. Bill Richardson, has operated his own investment firm in New Mexico. He was named by the governor to a committee that recommended hiring Gary Bland as state investment officer after Richardson was elected in 2002. He and Bland are friends.

(more)


New Mexico's Investment Chief Resigns Amid Probe

Bloomberg - William Selway, Martin Z. Braun - ‎

Oct. 22 (Bloomberg) -- New Mexico’s chief investment officer resigned after the state was drawn into a nationwide investigation of the fees paid to politically connected agents by those seeking to win investment-management work.

Gary Bland, who served on the board overseeing endowment funds for the fifth-biggest U.S. state by area, quit yesterday, according to a letter submitted to New Mexico Governor Bill Richardson. Bland was appointed by Richardson, a Democrat who unsuccessfully sought his party’s 2008 presidential nomination.

“Clearly, I am saddened and disappointed to render my resignation as state investment officer,” Bland wrote.

New York Attorney General Andrew Cuomo, the U.S. Securities and Exchange Commission and the Justice Department are investigating “pay to play” practices in which money managers and their placement agents used ties to public officials to help gain access to $2 trillion in U.S. public pension systems.

State Land Commissioner Pat Lyons, a member of the investment council, said the Paul Hastings law firm of Los Angeles collected information that Bland pressured money managers doing business with the state to hire certain middlemen. The investment council hired Hastings to help it respond to a joint investigation by the SEC and the Federal Bureau of Investigation.

“He was soliciting third-party marketers,” Lyons said. “In fact, some of them took place after we already voted for the investment.”

Half of Fees

Lyons wouldn’t disclose the names of the middlemen, citing the investigations. Bland couldn’t immediately be reached for comment.

Marc Correra, the son of a political supporter of Richardson, shared in more than $16 million, about half of fees paid to middlemen for New Mexico investments. Correra’s father, Anthony, served on the board of political action committee Richardson set up to register Hispanic and American Indian voters.

Bland’s resignation follows the Oct. 6 guilty plea to fraud charges by Saul Meyer, founder of Dallas-based pension consultant Aldus Equity. Meyer pleaded guilty in court to fraud charges and admitted he paid $300,000 to Hank Morris, a one-time adviser to former New York state Comptroller Alan Hevesi, to secure money from that state’s pension fund.

(more)

Lawsuit alleges NM broker evading damage suit

The Associated Press - Barry Massey - ‎

He was named by the governor to a committee that recommended hiring Gary Bland as state investment officer after Richardson was elected in 2002. ...


Bland steps down as New Mexico investment officer

Pensions & Investments - Arleen Jacobius -

One day before a no-confidence vote, Gary Bland resigned as the New Mexico state investment officer and gave up his seat on the board of ...


NM investment officer resigns amid federal probe

The Associated Press - Barry Massey - ‎

SANTA FE, NM — New Mexico State Investment Officer Gary Bland has resigned amid a federal investigation into state investment deals and pressure to remove ...


Lyons says Bland pressured firms to hire certain marketers

The New Mexico Independent - Heath Haussamen - ‎

Former State Investment Officer Gary Bland's Wednesday resignation came after a private law firm hired by the State ...


State Investment Chief Quits

Albuquerque Journal (subscription) - Mike Gallagher - ‎

Gilbert Gallegos, the governor's deputy chief of staff, said Richardson "has accepted Gary Bland's resignation and thanks him for his service to New Mexico. ...


The Morning Leverage: I Think A Change Would Do You Good

Wall Street Journal (blog) - Jennifer Rossa -

The Albuquerque Journal reports that New Mexico State Investment Officer Gary Bland has stepped down as that state's pay-to-play problems get more attention ...

Investment boss quit before panel vote

KRQE - Alex Tomlin - ‎

SANTA FE (KRQE) - The resignation of State Investment Officer Gary Bland comes close on the heels of a review of material handed over to federal ...


State investment officer resigns in midst of scandal

The New Mexico Independent - Heath Haussamen - ‎Oct 21, 2009‎

Gary Bland resigned Wednesday in a letter to Gov. Bill Richardson. The spokesman for the State Investment Council (SIC), Charles Wollmann, said he had no ...


NM investment officer Gary Bland resigns

NewsWest9.com - ‎Oct 21, 2009‎

AP - October 21, 2009 6:55 PM ET The state investment officer oversees the management of New Mexico's permanent funds valued at more than $11 billion. ...


Lawmakers go after Richardson's political appointees

The New Mexico Independent - Trip Jennings - ‎Oct 20, 2009‎

One of the highest earners is Gary Bland, the director of the State Investment Council, who earns $301000. Bland's agency has been tarred by investment ...


Former state adviser's guilty plea puts NM scandal back in spotlight

The New Mexico Independent - Trip Jennings - ‎Oct 6, 2009‎

Marc Correra is the son of Anthony Correra, a friend of Richardson who was involved in the hiring of State Investment Officer Gary Bland, the top staff ...

+++++++++++++++++++++++++++++++++++++++++++++++++

Pensiongate from King" Breakfast, Lunch & Dinner Schumer's "BRAIN" Hank Morris four million dollar plus home in the Hamptons to the Governors mansion in Santa Fe New Mexico. It keeps on getting bigger and bigger.


VJ Machiavelli



Monday, October 19, 2009

LOOK MA RAJ RAJARATNAM JUST KEEPS ON MAKING NEWS AND THE DEMOCRATS ARE DONATING HIS CONTRIBUTIONS TO CHARITY.

Donations Wound Up With Sri Lanka Rebels

Wall Street Journal - Evan Perez, Eric Bellman - ‎

Raj Rajaratnam, the hedge-fund billionaire charged as part of a vast insider-trading case, surfaced in an earlier, separate probe into US fund raising by a ...

Raj Rajaratnam, the hedge-fund billionaire charged as part of a vast insider-trading case, surfaced in an earlier, separate probe into U.S. fund raising by a Sri Lankan terrorist group, people familiar with the probe said.

As part of that investigation, federal agents said they uncovered documents showing Mr. Rajaratnam, founder of the Galleon Group, was among several wealthy Sri Lankans in the U.S. whose donations to a Maryland-based charity made their way to the Liberation Tigers of Tamil Eelam, these people said. The LTTE, known as the Tamil Tigers, fought against the government of Sri Lanka in a brutal separatist war from 1976 until the LTTE was defeated in May.

(...)

He was also active politically. Data from the Center for Responsive Politics, a nonpartisan group that tracks political contributions, shows Mr. Rajaratnam donated $26,200 to the Democratic Party's fund-raising arm in 2007. He also provided $4,600 in 2007 to the campaign of Hillary Clinton, now secretary of state, and $4,600 in 2008 to the campaign of President Barack Obama.

A Democratic National Committee spokesman said contributions to the DNC and the Obama campaign from Mr. Rajaratnam will be donated to charity. Representatives at the State Department didn't immediately comment.

(more)

U.S. targeting insider-trading cases - Bloomberg

Reuters - Anupreeta Das, Anshuman Daga - ‎

Some of these charges are linked to the criminal case against billionaire hedge fund founder Raj Rajaratnam, the unidentified sources told Bloomberg. ...


Colleagues Finger Billionaire

Wall Street Journal - Gregory Zuckerman, Don Clark - ‎5 minutes ago‎

Co-founded by Raj Rajaratnam, Galleon is among Wall Street's biggest traders and has a web of contacts among technology and health-care executives, ...


Moffat Viewed as 'Classic IBM Executive'

Wall Street Journal - William M. Bulkeley - ‎

Ms. Chiesi allegedly shared tips with Raj Rajaratnam, the billionaire partner at hedge fund Galleon Group, who prosecutors say was at the center of the ring ...

IBM


US gears up after Rajaratnam arrest

FT Alphaville (blog) - Gwen Robinson - ‎

... to the criminal case against billionaire hedge-fund manager and founder of Galleon Group Raj Rajaratnam who was arrested on Friday, reports Bloomberg. ...


Weekend catch-up

FT Alphaville (blog) - Gwen Robinson - ‎

Billionaire investor Raj Rajaratnam, founder of the Galleon Group, and present and former executives of Bear Stearns, IBM, Intel and McKinsey were charged ...


Six charged with insider-trading involving Google, Intel and IBM

TECH.BLORGE.com - Mike Ferro - ‎40 minutes ago‎

According to CNET, Raj Rajaratnam of Galleon Group was identified as one of the participants in the insider-trading scheme and charged with 13 counts of ...

Rajaratnam and the Tamil Tigers Connection

New York Times (blog) - ‎

As Zachery Kouwe and I report in The New York Times, Raj Rajaratnam, the hedge fund executive accused of leading a $20 million insider trading ring, ...


US charges billionaire Rajaratnam with insider trading

Reuters India - Grant McCool, Edith Honan - ‎

NEW YORK (Reuters) - Billionaire hedge fund founder Raj Rajaratnam and executives from some of the most prestigious US ...


SEC: IBM exec 'conveyed' and 'tipped' insider information

Local Tech Wire - ‎

Also charged in the case was billionaire Raj Rajaratnam, a partner in Galleon Management and a portfolio manager for Galleon Group, a hedge fund with some ...


The Galleon case could rock boardrooms from Silicon Valley to Wall Street

Daily Finance (blog) - ‎

Galleon Holdings, the $3.7 billion hedge fund whose founder, Raj Rajaratnam, is out on $100 million bail for his role at the center of a $20 million insider ...


Fund manager accused

CITY A.M. - ‎

The US government has claimed that New York-based hedge fund manager Raj Rajaratnam – who has been charged in connection with an alleged insider trading ...


Hedge fund managers get the message

Financial Times - Sam Jones, Gregory Meyer - ‎

In the wake of the arrest of Raj Rajaratnam, the founder of the Galleon Group, few hedge fund managers have missed the message. ...


Insider Trading Defendants Don't Take Long to Lawyer Up

The American Lawyer - Brian Baxter - ‎

Federal prosecutors in Manhattan charged six individuals, including hedge fund billionaire Raj Rajaratnam, with insider trading on Friday. ...


Hedge Fund Manager Arrested for Insider Trading

ToTheCenter.com (blog) - ‎

Raj Rajaratnam is the Sri Lankan-born founder of Galleon Management LP, which churned out impressive gains since the firm's founding in 1997, ...


US Said to Target Wave of Insider-Trading Cases After Galleon

Bloomberg - Joshua Gallu, David Scheer - ‎2 hours ago‎

... some linked to the criminal case against billionaire hedge-fund manager Raj Rajaratnam that shook Wall Street last week, people familiar with the matter ...


Billionaire faces insider trading noose

Financial Standard - ‎

Billionaire Raj Rajaratnam and his New York-based hedge fund advisory firm, Galleon Management, has been charged for insider trading that saw him pocket ...


Rajaratnam and the spread of inside information

FT.com (blog) - ‎

What strikes me about the arrest of Raj Rajaratnam on charges of insider trading is the light it sheds on how many organisations surrounding big companies ...


Arrest of Hedge Fund Chief Unsettles the Industry

New York Times - Michael J. de la Merced, Zachery Kouwe - ‎

For years, whenever anyone asked Raj Rajaratnam about the success of his hedge fund, the Galleon Group, ...


Wiretap tactics reminiscent of approach to tackling mobsters

Financial Times - ‎3 hours ago‎

By Brooke Masters, Chief Regulation Correspondent The criminal insider trading case against billionaire investor Raj Rajaratnam and his Galleon hedge funds ...


Sri Lanka claims billionaire trader funded terrorists

CNN International - James Fontanella-Khan - ‎

Raj Rajaratnam, the New York-based billionaire and hedge fund manager charged in an alleged insider trading scheme on Friday, ...


Prosecutors in US target insider trading

Irish Times - ‎

US PROSECUTORS who used wiretaps to make their insider trading case against billionaire Raj Rajaratnam, founder of hedge fund firm Galleon Group, ...



The Insider Trading Arrests

Wall Street Journal - ‎

Associated Press Raj Rajaratnam, billionaire founder of the Galleon Group, is led in handcuffs from FBI headquarters in New York Friday, Oct.16, 2009. ...


Galleon hedge fund partner Raj Rajaratnam (C) is escorted by FBI agents after ...

Daily Telegraph - ‎

BILLIONAIRE hedge fund founder Raj Rajaratnam and executives from some of the most prestigious US companies were charged on Friday with the largest hedge ...


IBM, Intel execs charged in alleged insider trading case

National Business Review - Chris Keall - ‎

The US Securities and Exchange Commission has charged billionaire Raj Rajaratnam and his New York-based hedge fund advisory firm Galleon Management LP with ...


RAJARATNAM ARRESTED FOR INSIDER TRADING SCAM HAS CONTRIBUTED MONEY FOR THE ...

Lankaweb - Walter Jayawardhana - ‎

The Wall Street Journal reported the Sri Lanka born hedge-fund billionaire Raj Rajaratnam who has been arrested and released on ...


Arrested hedge funder checked for Tamil links

Cambodia News - ‎

It has been revealed that Raj Rajaratnam, founder of the Galleon Group, was also once investigated by US authorities for allegedly raising funds for a Sri ...


Mahinda Chinthanaya is not Mantra

Sri Lanka Guardian (blog) - ‎

GSP+ is about run out and Raj Rajaratnam is buckled. I am sure there must be some more waiting in the finges to prop up the government's nefarious mission. ...

Sri Lankan tycoon held in hedge funds scam

Hindu - Muralidhar Reddy - ‎

COLOMBO: The arrest by US authorities on Friday of Sri Lanka-born Raj Rajaratnam, founder and head of the New York-based Galleon Management hedge fund, ...


Muck tracker - Rajaratnam connected to terrorism probe

Muckety - ‎

By Muckety The name of hedge-fund billionaire Raj Rajaratnam, charged last week in a major insider-trading case, also surfaced in a separate probe into ...


While you were sleeping: Wall St slips on earnings

Scoop.co.nz (press release) -

The insider trading case centres on billionaire Raj Rajaratnam, the founder of the Galleon Group hedge fund firm, who was caught allegedly insider trading ...

Lankan billionaire held in largest US insider trade scam

Times of India - ‎

NEW YORK: Raj Rajaratnam, a Tamil-origin billionaire often described as the wealthiest Sri Lankan in the world, was on Friday arrested on charges of being ...


Rajaratnam Gets Hit With Highest Bail In US History

The Business Insider - ‎

Galleon Group founder Raj Rajaratnam was been released on $100 million bail on criminal charges in an alleged $20 million insider-trading scheme. ...


Hedge-fund accused linked to LTTE funding

The Hindu - ‎

As part of the probe, investigators uncovered documents showing that Raj Rajaratnam was among the several wealthy Sri Lankans in the US whose donations to a ...

Billionaire detained in insider-trading case

New Zealand Herald - ‎

... say generated more than US$25 million in illegal profits and was a wake-up call for Wall St. Raj Rajaratnam, a portfolio manager for Galleon Group, ...


FBI ARRESTED RAJA RATNAM WAS THE BIGGEST CONTRIBUTOR TO LTTE CONNECTED TRO AND ...

Lankaweb - Walter Jayawardhana - ‎

The website said, “The New York hedge fund billionaire indicted today in an alleged $20 2million insider trading scheme, Raj Rajaratnam, was a major ...


The tactics that trapped Rajaratnam

Sydney Morning Herald - ‎15 hours ago‎

US PROSECUTORS, who used wire taps to make their insider trading case against billionaire Raj Rajaratnam, founder of hedge fund firm Galleon Group, ...


Billionaire arrested over $22m insider trading scam

Brisbane Times - ‎

Prosecutors who used wiretaps to make their insider trading case against the billionaire Raj Rajaratnam, founder of the hedge fund firm Galleon Group, ...


Rajaratnam Surfaced in US Terrorism Probe

Wall Street Journal - Evan Perez, Matthew Rosenberg - ‎

As part of that investigation, federal agents said they uncovered documents showing that Raj Rajaratnam, founder of the Galleon Group, was among several ...


Sunday newspaper round-up: ENRC, RBS, Lloyds

ShareCast - ‎16 hours ago‎

Billionaire investor Raj Rajaratnam and present and former executives of Bear Stearns, IBM, Intel and mckinsey were charged on Friday in an alleged insider ...


US watchdog warns hedge funds

Visit Bulgaria - Ivan Dobrev - ‎

The Securities & Exchange Commission said the arrest of hedge fund chief Raj Rajaratnam should be taken as a warning by others. ...


Manhattan US Attorney Charges Hedge Fund Managers, Fortune 500 Executives, and ...

PR-CANADA.net (press release) - ‎

The defendants include: Raj Rajaratnam, the Managing Member of Galleon Management, LLC (Galleon), and a portfolio manager for Galleon Technology Offshore, ...


SEC Tries to Get Efficient

Seeking Alpha (blog) - Patrick Watson - ‎

Now they have Raj Rajaratnam in handcuffs for alleged insider trading. Rajaratnam, if you haven't heard of him, is the founder and head of a large hedge ...


The Implications of Insider Trading in Hedge Fund Land

Seeking Alpha (blog) - ‎

Raj Rajaratnam, founder of hedge fund Galleon Group has been charged with insider trading in a $20 million case as he and five other people were allegedly ...


World Briefs

Times of Malta - ‎

Raj Rajaratnam, 52, a portfolio manager for Galleon Group, a hedge fund with up to £4.4 billion in assets under management, was bailed last Friday, ...


'Lankan hedge fund accused was probed for LTTE fund raising'

Zee News - ‎

As part of the probe, investigators uncovered documents showing that Tamil-origin Raj Rajaratnam was among several wealthy Sri Lankans in US whose donations ...

How Galleon Got (and Lost) Its Edge

Seeking Alpha (blog) - Matthew Goldstein - ‎

The arrest of hedge fund millionaire Raj Rajaratnam on charges that he and his $7 billion Galleon Group hedge fund profited from illegal insider trading ...


Rajaratnam Surfaced in Terror Probe

Wall Street Journal - Evan Perez, Matthew Rosenberg - ‎

Raj Rajaratnam, the hedge-fund billionaire charged as part of a vast insider-trading case, surfaced in an earlier, ...

US billionaire probed for Sri Lanka terrorism financing - paper

RIA Novosti - ‎

Federal agents uncovered documents showing that Raj Rajaratnam, a portfolio manager for Galleon Group, a hedge fund with assets worth up to $7 billion under ...


Highest Ever Bail Set for Raj Of Galleon?

Benzinga - Ed Liston - ‎

Raj Rajaratnam, the billion dollar hedge fund owner of Sri Lankan origin paid a whooping $100 mil bail and was released yesterday under conditions of ...


Hedge fund head out on bail

The News-Press - ‎Oct 17, 2009‎

NEW YORK - Galleon Group founder Raj Rajaratnam has been released on $100 million bail on criminal charges in an alleged insider-trading scheme that federal ...


Cambridge high tech firm swept up in insider trading case

Boston Globe - Hiawatha Bray - ‎Oct 17, 2009‎

In complaints filed Friday in New York, federal prosecutors charged that the founder of hedge fund Galleon Group, billionaire Raj Rajaratnam, ..


Business briefs

Chicago Sun-Times - ‎Oct 17, 2009‎

Raj Rajaratnam, one of the wealthiest Americans, was among six hedge fund managers and executives arrested Friday in a hedge fund insider trading case. ...


US billionaire probed for Sri Lanka terror link: report

AFP - ‎Oct 17, 2009‎

Citing people familiar with the probe, the newspaper said federal agents had uncovered documents showing that Raj Rajaratnam, founder of the Galleon Group, ...

Sri Lanka shocked by fund manager fraud charges

AFP - ‎Oct 17, 2009‎

The US Justice Department filed insider trading charges against Raj Rajaratnam, who spent his childhood years in Sri Lanka, and five others on Friday ...


Feds: Tipsters aided Silicon Valley insider-trading scheme

San Jose Mercury News - Steve Johnson - ‎Oct 17, 2009‎

Raj Rajaratnam, billionaire founder of the Galleon Group, a major hedge fund, is led in handcuffs from FBI headquarters in New York Friday, ...

Raj Rajaratnam: Editorial of The Island, Sri Lanka

TamilWeek - ‎Oct 17, 2009‎

The arrest in New York of Mr. Raj Rajaratnam, a Sri Lanka born US citizen named by the prestigious Forbes Magazine earlier this year as being the world's ...


Sri-Lankan born Raj Rajaratnam an example of corrupt American insider trading ...

India Daily - Tania Harding - ‎Oct 17, 2009‎

In 1997, Sri-Lankan born Raj Rajaratnam launched his hedge fund Galleon Technologies and said ''This is Raj...only the paranoid survive. ...


Links to inside trading probed after US arrests

Amsterdam News.Net - ‎Oct 17, 2009‎

A leading US hedge fund boss, Raj Rajaratnam, founder of the Galleon Group, and five other people have been arrested on charges relating to the pocketing of ...


Billionaire Rajaratnam Charged in New York

Sunday Leader (registration) - ‎Oct 17, 2009‎

By Faraz Shauketaly Raj Rajaratnam, the Sri Lankan born New York-based fund manager was arrested in New York last Friday in connection with an insider ...


the contrarian - The Smell From Our Brand of Capitalism Grows Stronger

Gather.com - Dave McGill - ‎Oct 17, 2009‎

The extent of the greed involved here is perhaps no better illustrated than by the fact that hedge-fund owner Raj Rajaratnam, with a net worth of $1.3 ...


Why IBM's Server Chief Got Busted

SYS-CON Media (press release) - Maureen O'Gara - ‎Oct 17, 2009‎

And to the alleged kingpin of the scheme, billionaire hedge fund manager Raj Rajaratnam, now out on $100 million bail, she was overheard to say she ...


Breaking Supply Chain News: IBM's Bob Moffat, Head of Supply Chain and Rising ...

Supply Chain Digest - ‎Oct 17, 2009‎

Moffat was arrested as part of a long investigation at the center of which was Raj Rajaratnam, founder of Galleon Group, a New York-based investment fund, ...


FSA to step up hunt for market fraudsters

Times Online - Danny Fortson - ‎Oct 17, 2009‎

Billionaire hedge fund investor Raj Rajaratnam was arrested after investigators used court-approved wiretaps — tactics once reserved for drug lords and ...

Raj's arrest triggers panic in Lanka

Sunday Times.lk - Feizal Samath - ‎Oct 17, 2009‎

Sri Lankan-born billionaire businessman Raj Rajaratnam's arrest in the United States on Friday on an alleged US$ 20 million insider trading ...


Lankan born Raj Rajaratnam arrested for insider trading

Sunday Times.lk - ‎Oct 17, 2009‎

(Bloomberg) -- Raj Rajaratnam, the billionaire founder of the hedge fund firm Galleon Group, and ex-directors at a Bear Stearns Cos. hedge fund were among ...

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Looks like charities are making out again, poor "King" Breakfast, Lunch & Dinner Schumer he spends so much time eating and raising money, and then has to return it or donate it to charity.


VJ Machiavelli