Galleon Group insider trading case

The Galleon Group insider trading case involved hedge fund manager Raj Rajaratnam illegally accessing confidential information about publicly traded companies. He and others received tips from insiders at various firms, enabling them to make highly profitable trades before the information was made public. This breach of trust and legal boundaries resulted in extensive investigations, charges, and convictions. It highlighted the dangers of insider trading, which undermines fair markets by giving certain individuals illegal advantages, ultimately leading to legal reforms and increased scrutiny of hedge funds.