Galleon man faces more charges

Raj Rajaratnam, founder of the Galleon hedge fund, faces further charges in relation to insider trading. Prosecutors said they had uncovered evidence that he reaped $19m more than the $17m originally believed in illicit profits. They also accused him of making cash payments for inside information as early as 2004, rather than 2007. The move could increase Rajaratnam’s possible prison time to more than 15 years if convicted.