The Billionaire’s Apprentice

On Friday October 16, 2009, Raj Rajaratnam was arrested by the FBI and accused of conspiring with others in insider trading in several publicly traded companies. U.S. Attorney Preet Bharara put the total profits in the scheme at over $60 million, telling a news conference it was the largest hedge fund insider trading case in United States history. The Robert Zicklin Center for Corporate Integrity welcomes writer Anita Raghavan, author of “The Billionaire’s Apprentice: The Rise of the Indian-American Elite and the Fall of the Galleon Hedge Fund.” Fund founder Raj Rajaratnam and others were convicted for their role in one of the biggest insider-trading schemes in American history. Ms. Raghavan will discuss the book and the many issues it raises regarding business ethics, white collar crime and the dynamics of a successful immigrant community in the US financial world.