Keyword: Raj Rajaratnam

Hedge Fund Manager's Arrest Sends Shock Waves Through Wall Street Email Print

Raj Rajaratnam had a ready response for those inquiring about the success of his hedge fund, the Galleon Group, that of a strong desire for winning.

"It is pride, I want to win," Rajaratnam said in "The New Superstars," a book by Lois Peltz published in 2001.  "After awhile, money is not the motivation.  I want to win every time.  Taking calculated risks gets my adrenaline pumping."

Prosecutors claim that this zeal for winning crossed the line into criminal activity according to a report by Michael J. de la Merced and Zachery Kouwe of the New York Times.  

At dawn on Friday, November 16, Rajaratnam was arrested at his expensive Manhattan home.  He was charged with running the biggest insider trading scheme involving a hedge fund.  

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