<p>NEW YORK (AP) – *One of America’s wealthiest men was among six hedge fund managers and corporate executives arrested Friday in a hedge fund insider trading case that authorities say generated more than $25 million in illegal profits and was a wake-up call for Wall Street.</p>
<p>Raj Rajaratnam, a portfolio manager for Galleon Group, a hedge fund with up to $7 billion in assets under management, was accused of conspiring with others to use insider information to trade securities in several publicly traded companies, including Google Inc.</p>
<p>U.S. Magistrate Judge Douglas F. Eaton set bail at $100 million to be secured by $20 million in collateral despite a request by prosecutors to deny bail. He also ordered Rajaratnam, who has both U.S. and Sri Lankan citizenship, to stay within 110 miles of New York City. *</p>
<p>[Billionaire</a> among 6 nabbed in inside trading case - Yahoo! Finance](<a href=“http://finance.yahoo.com/news/Billionaire-among-6-nabbed-in-apf-2808194948.html?x=0]Billionaire”>http://finance.yahoo.com/news/Billionaire-among-6-nabbed-in-apf-2808194948.html?x=0)</p>
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