Raj Rajaratnam

Raj Rajaratnam is a former hedge fund manager known for founding Galleon Group, a successful investment firm. In 2011, he was convicted of insider trading—using confidential, non-public information to make profitable stock trades—illegal and unethical. His actions involved collaborating with others to gain unfair advantages in the stock market. The case highlighted significant issues in financial ethics and regulation, leading to a prison sentence and increased scrutiny of insider trading practices in the investment industry.