Thursday, June 21, 2012

Will Another One Bite The Dust? Emails Tie Goldman Manager, Rajaratnam

The ties between a current top Goldman Sachs manager and the controversial hedge fund Galleon Group Inc. were closer than previously known.   A current Goldman managing director exchanged emails with Galleon founder Raj Rajaratnam ahead of a daily "morning meeting" at Galleon, according to previously undisclosed emails and wiretapped phone call transcripts reviewed by The Wall Street Journal. In the emails, the Goldman manager offered what he called "tiddie biddies" about some top technology firms, including Apple and Intel

As reported by the Journal, the Goldman official, David Loeb, who was a senior salesman at the investment bank at the time of the communications, is one of three current Goldman employees that federal prosecutors and the Federal Bureau of Investigation are investigating, according to people familiar with the probe….

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