Multiple choice

Raj Rajaratnam, the founder of Galleon Group, Anil Kumar and Rajiv Goel were arrested in the US for their involvement in which of the following scams?

  1. Pension fund scam

  2. Junk Bond scam

  3. Sub-prime scam

  4. Oil bonds scam

  5. Hedge fund scam
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Raj Rajaratnam (founder of Galleon Group hedge fund), Anil Kumar, and Rajiv Goel were arrested in 2009 for insider trading in what became known as one of the largest hedge fund scams in US history. They were accused of obtaining confidential information and trading on it for illegal profits. This was not a pension fund, junk bond, sub-prime, or oil bonds scam.

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