Keyword: Bernie Madoff

7 Ways Hedge Funds Lie, Cheat and Steal

Picture: www.hedgeco.net Les Leopold - The verdict is in: Raj Rajaratnam, the billionaire head of the Galleon hedge fund, was found guilty of 14 counts of securities fraud and conspiracy on Wednesday: 5 counts of conspiracy, and 9 counts of insider trading – which means he could be joining Bernie Madoff in prison for the rest of his life. The prosecution, which played 43 secretly recorded conversations that revealed how insider information was sought, received and covered-up, provides the clearest view to date of how far...