Human rights, corruption and other charges against the Mahinda Rajapaksa regime have received extensive international media coverage. Yet, there is hardly a word about the massive allegations against the current regime, even the Mahendran affair, despite their seriousness and international linkages.
NEW YORK, July 8 (Reuters) - Rengan Rajaratnam, the younger brother of convicted Galleon Group founder Raj Rajaratnam, was
The Billionaire's Apprentice: The Rise of the Indian-American Elite and the Fall of the Galleon Hedge Fund is a seminal work that captures the realities of race and greed in America with refreshing objectivity and efficiency, and a book that everyone should read.
Leo DiCaprio will never portray him on the screen, but the disgraced Sri Lankan American moneyman Raj Rajaratnam could well be the Jay Gatsby of our times.
The new Rich List is out -- yet another example of financial pornography. While nearly 15 million Americans still can't find jobs due to the Wall Street-created crash, the top hedge manager, David Tepper, earned $1,057,692 an HOUR in 2012.
When what you do is make money from money, it seems as if breaking or avoiding laws and rules create victimless crimes. It's all a big game, where each person is trying to out-hustle the other. It's him or me so what does it matter if we both cheat a bit?
The easing of regulations, which permitted financial institutions to become the behemoths they did, is partially responsible for this mess. But I say "partially" because that is only one part of the problem. The other part is the lack of personal accountability on Wall Street.
Rajaratnam, currently serving a 11-year prison term, was convicted of securities fraud and conspiracy in May 2011. He was
"There's too much at risk," said John Hsu, director of anesthesiology at Presbyterian Intercommunity Hospital in Whittier
This post has been updated with details throughout. Rajat Gupta Sentencing - Inside Trading Sentence For Rajat Gupta Convicted
For the SEC to do its job properly, it needs adequate resources, and for that it needs the support of Congress. To understand why the budgetary issue is so important, and why the SEC deserves more funding, let's look at the trajectory of the Commission since the Madoff scandal.
Known as a "5K1" letter, Monday's filing is standard. The letter tells the judge in the case whether the defendant fulfilled
(Susan Antilla, who has written about Wall Street and business for three decades and is the author of “Tales From the Boom
One of Gupta’s key defenses -- which was based partly on a wiretapped conversation in which Loeb passed insider information
"This should be a model for the rest of the law enforcement community on Wall Street, but I don't have much hope for that
One particularly crucial piece of evidence related to a Sept. 23, 2008, Goldman Sachs board conference call during the financial
Gupta's lawyers also questioned the credibility of prosecution witnesses, including Goldman Sachs CEO Lloyd Blankfein. Gupta’s
The defense rested its case on Tuesday, the final day of testimony in the insider-trading trial of former Goldman Sachs board