Galleon Hedge Fund Scandal

[katty]

The story of Galleon Group, the hedge fund at the heart of the biggest insider-trading scandal in decades, has plenty of colorful characters from a billionaire whose charitable donations ended up aiding rebels in Sri Lanka to a foul-mouthed ex-Bear Stearns executive who befriended a mild-mannered IBM vice president.

Here's a guide to the scandal's most colorful quotes and anecdotes:

- Leon Shaulov, a loudmouth senior trader at Galleon, once turned on a colleague, Gary Rosenbach, in front of the rest of the staff, screaming: "You're a disease, you're a jinx."

- Galleon founder Raj Rajaratnam once "paid $4 million to have Kenny Rogers come to a birthday party at his house and sing his favorite song, 'The Gambler,' over and over again. Kenny refused to go on after a dozen times."

- Anyone who arrived late at Galleon's morning meeting of 70 analysts, portfolio managers and traders was fined $25.


Read more at: http://www.huffingtonpost.com/2009/10/19/galleon-hedge-fund-scanda_n_326282.html