January 14, 2009
Blackstone Exec Charged with Insider Trading
According to the New York Times' Dealbook (nothing posted on SEC website), Ramesh Chakrapani, a managing director in the London office of the Blackstone Group, was charged with running an insider trading scheme that netted $3.6 million in profits. According to the SEC complaint, Chakrapani leaked confidential information about the 2008 takeover of the supermarket Albertson's.
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