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Galleon's Rajaratnam, Others Charged In Insider Case

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Galleon Group founder Raj Rajaratnam and five others have been arrested and charged in a $20 million insider-trading case, prosecutors said. At a press conference Friday, U.S. Attorney Preet Bharara announced that Rajaratnam, the founder of the Galleon Group and portfolio manager for the Galleon Technology Funds, has been charged with four counts of conspiracy and eight counts of securities fraud.

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