Galleon shuts down...and loses money off insider trading

So, according to the WSJ (http://online.wsj.com/article/SB12561304265369882…), Galleon has officially decided to walk the plank. I guess when you're on the front page of every business publication for alleged insider trading, that's to be expected. But, as the NY Times points out (http://www.nytimes.com/2009/10/21/business/21insi…), Galleon wasn't even any good at committing crimes -- apparently, the fund lost close to $30 million off AMD insider info.

http://abnormally-distributed.blogspot.com/

 

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