PHI 2397 Lecture Notes - Lecture 3: Polycom, Galleon Group, Insider Trading
4 Jul 2018
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Department
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Raj is the CEO of Galleon Group which is a hedge fund company that runs in the billions
- He is being charged with fraud and conspiracy due to insider trader
- he is known for demanding an ‘edge’ from his team to know how to manage the funds,
but him himself is being charged with insider trading for getting his own ‘edge’
Makes his company have an ‘edge’ - can lead to insider trading or unethical behaviour·
Philanthropist
o age in search in India
Donates a lot to charity - robin hood?
· Terrorist organization
· Ultimately he was found guilty 13 frauds
o 11 years, released in 2021
o Hedge funds extremely high
Junior’s Notes:
Mans asks employee to give their edge
● Raj’s edge was deemed insider trading with trading google, polycom, etc. LOOOL dim
guy
● Largest case of insider trading
● One of the richest people in the world and the fund was top 10 in largest hedge funds
● He was a very charitable man who donated millions to help others (AIDS and flood
support)
● Traded information with other companies
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Raj is the ceo of galleon group which is a hedge fund company that runs in the billions. Makes his company have an edge" - can lead to insider trading or unethical behaviour . Ultimately he was found guilty 13 frauds: 11 years, released in 2021, hedge funds extremely high. Raj"s edge was deemed insider trading with trading google, polycom, etc. One of the richest people in the world and the fund was top 10 in largest hedge funds. He was a very charitable man who donated millions to help others (aids and flood support)
