An executive of Goldman Sachs Group Inc has been investigated by the U.S. Federal authorities as part of an insider-trading probe.
US prosecutors investigating managing director at Goldman Sachs as part of probe into company's hedge-fund clients.
Rajat Gupta, a former director of Goldman Sachs and Procter & Gamble who is the highest-ranking executive charged in a U.S. crackdown on insider trading, could face additional allegations, a federal prosecutor said on Tuesday.
Federal prosecutors expanded their insider trading case against former Goldman Sachs Group Inc director Rajat Gupta on Tuesday, saying the illegal activity lasted longer and involved more trades than alleged.
The names of a top executive at Berkshire Hathaway Inc. and a board member at Goldman Sachs Group Inc. surfaced on Friday as potential witnesses in the insider-trading trial of Rajat Gupta, a former director of Goldman, the Procter & Gamble Co., and other companies.
Diamondback Capital Management will pay more than $9 million to settle allegations of insider trading at the Stamford, Connecticut-based hedge fund.
Federal authorities announced at a press conference on Wednesday that seven individuals were brought up on insider trading charges as part of a five-year investigation conducted by the Justice Department.
U.S. prosecutors charged seven people, described as a circle of friends who formed a criminal club, with running a $62 million insider trading scheme - the latest salvo in a years-long probe of suspicious trading at hedge funds.
Seven people were charged with a scheme to reap nearly $62 million in illegal profits on trades on Dell Inc shares, the latest salvo in a sweeping probe of suspicious trading at hedge funds.
A New York federal judge on Thursday damped hopes that he would throw out government wire tap evidence in the insider trading trial of Rajat Gupta, a former board member of Goldman Sachs and Procter & Gamble .
To hear it from one side, private equity and hedge fund managers are under a veritable siege: under attack from politicians, regulators, an ornery market and uneasy clients. But the hedge fund managers themselves seem to be saying all is good in Greenwich.
Raj Rajaratnam, 54, the founder of the Galleon Group and a hedge fund multimillionaire, began his 11-year prison sentence at a former military base, near the town of Ayer, Massachusetts.
Raj Rajaratnam, the man who was convicted of massive insider trading scheme, will begin his 11 year prison sentence on Monday.
A year after four hedge funds were raided as part of a sweeping probe into insider trading, agents are ready to arrest as many as three people who worked at the raided funds, sources familiar with the investigation told Reuters.
Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein may be asked to testify in a market regulator's insider-trading case against a former director of the Wall Street bank, a judge ruled.
At least two Goldman Sachs Group Inc executives face potential interviews under oath in connection to Rajat Gupta case.
Before Indra Nooyi became CEO of PepsiCo Inc. or Vikram Pandit took the reins at Citigroup Inc., there was Rajat Gupta, the original global Indian who was the first to head a major Western business.
Rajat Gupta, a former director of Goldman Sachs Group Inc and Procter & Gamble, was arrested on Wednesday on insider trading charges, making him the most prominent executive to be accused in a broad U.S. crackdown on illegal leaks of corporate secrets.
Rajat Gupta, former Goldman Sachs director and former head of McKinsey & Co, will surrender to the FBI on Wednesday to face criminal insider trading-related charges, a person familiar with the investigation said.
Raj Rajaratnam has broken his silence in an interview with Newsweek.
Just weeks before fallen hedge fund tycoon Raj Rajaratnam was sentenced to 11 years in prison for insider trading, U.S. prosecutors pressed him to turn on his friend, former Goldman Sachs director Rajat Gupta, The Daily Beast online newspaper reported.
Sri Lankan-born Hedge fund tycoon Raj Rajaratnam was sentenced to 11 years in prison for the biggest hedge fund insider trading case in the U.S., but the verdict was not as stringent as legal circles had predicted.
