Lessons from the Galleon Scandal
June 10, 2013 10:01 AM
5:04 The collapse of the Galleon Group hedge fund and criminal conviction of its founder, Raj Rajaratnam, is just the latest example of a cataclysmic about-face in the finance industry. Anita Raghavan, author of "Billionaire's Apprentice ," a just-released book on Galleon, discusses why such scandals recur with such frequency and what cautionary lessons bankers and others can draw.