Galleon Group

The Galleon Group was a hedge fund founded in 1999 by Raj Rajaratnam, specializing in sophisticated investment strategies. It aimed to generate high returns by leveraging advanced research and private information across markets. However, in 2009, the firm was implicated in one of the largest insider trading scandals in U.S. history, leading to criminal charges against key individuals, including Rajaratnam. The scandal resulted in the firm's collapse and significant legal penalties, highlighting the importance of ethical practices in financial trading.