Galleon Group

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Nov. 24, 2010 at 3:44 p.m.
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Filed under: Crime, Criminal charges, Fraud, Investigations, Investing

Research firm exec arrested in insider trading probe

By Reuters

An executive of a California research firm was arrested Wednesday on securities fraud and conspiracy charges after U.S. prosecutors accused him of arranging for inside information to be leaked to hedge funds, the latest development in an investigation of the industry.

The arrest of Don Ching Trang Chu of Primary Global Research stems from wiretaps and the cooperation of Richard Choo-Beng Lee, a hedge fund manager who pleaded guilty last year as part of the insider-trading prosecution of Galleon Group hedge fund founder Raj Rajaratnam and 22 other traders, lawyers and executives. Get the full story »

Nov. 24, 2010 at 1:32 p.m.
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Filed under: Crime, Criminal charges

U.S. charges networking exec in hedge fund probe

By Reuters

An executive of a hedge fund networking firm was arrested Wednesday on charges related to insider trading, part of a broad investigation of hedge funds by U.S. prosecutors.

A criminal complaint unsealed in U.S. District Court in New York said Don Ching Trang Chu, also known as Don Chu, promoted the services of his California-based firm, Primary Global Research, by arranging for inside information to be leaked to hedge funds. Get the full story »