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Investment Firm Chief Given 11-Year Sentence for Insider Trading

Posted October 13th, 2011 at 12:35 pm (UTC-5)
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A Wall Street billionaire who once headed a large investment firm has been sentenced to 11 years in prison and fined $10 million in an insider stock trading scandal. A U.S. federal judge, Richard Holwell, on Thursday imposed the sentence on Raj Rajaratnam, a 54-year-old Sri Lanka native who helped start the now-defunct Galleon Group […]

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Soros to Stop Managing Outside Investments

Posted July 26th, 2011 at 12:05 pm (UTC-5)
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One of the world’s best known investment managers, George Soros, says he plans to stop managing other peoples’ money by the end of the year and return nearly a billion dollars to investors. Soros, who turns 81 next month, told outside investors in his $25 billion Quantum fund on Tuesday that he plans to continue […]

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