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Strategies & Market Trends : Mafia Stock Mobsta's Social Club (Bulls Board) -- Ignore unavailable to you. Want to Upgrade?

To: jmhollen who wrote (6294)	10/21/2009 12:24:16 PM
From: jmhollen	Respond to of 6687

"...'Death march' drum roll, please....... .. Streeter Hedgie Crook calling it quits after being 'nicked' and handcuffed........ *Sinking Galleon winds down after chief's arrest* Raj Rajaratnam tells staff and clients he is innocent of $20m insider dealing charges .. (..Please ignore all the verbatim wiretaps..) Raj Rajaratnam, billionaire founder of hedge fund Galleon Group, is led in handcuffs by the FBI. Photograph: Louis Lanzano/AP The US hedge fund Galleon Group is winding down its operations after suffering a rash of client withdrawals following the arrest of its billionaire founder, Raj Rajaratnam, on $20m (£12m) insider dealing charges. A specialist in hi-tech investments, Galleon manages $3.7bn of customers' money and has begun liquidating its holdings. In a letter to staff and clients, Rajaratnam reiterated his insistence that he was innocent of 13 criminal charges laid by US prosecutors and said he was exploring "alternatives" for the business. "I have decided that it is now in the best interest of our investors and employees to conduct an orderly wind down of Galleon's funds while we explore various alternatives for our business," wrote Rajaratnam............... guardian.co.uk Note to Athony Elgindy; ...You'll have a new 4th for your foursome, bridge club, and chain gang soon....... .