Busted!

12 05 2011

The former head of the famous hedge fund Galleon Group has been found guilty of insider trading, pocketing roughly 63 million dollars by trading on inside data about earnings and corporate takeovers. Raj Rajaratnam, who’s now facing up to 19 and a half years in prison, seems to have spent half that money in high-calorie food, judging by his recent picture.

They say there will be more trials to come soon, signaling what looks like the begining of an agressive move from the US government in order to strike down corruption on Wall Street. Hopefully they’ll have enough food for Raj and his friends in jail!

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