KQED Nightly Business Report May 12, 2011
by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. my colleague tom hudson will be along later in the program. a verdict today in the largest probe of insider trading at a hedge fund in u-s history: billionaire investor raj rajaratnam was found guilty of all 14 counts. a jury convicted him on five counts of conspiracy to commit securities fraud and nine counts of securities fraud. the conviction, after an eight- week trial, is a huge win for the government's efforts to punish insider trading on wall street. we'll ...