vendredi 27 février 2015
Can a Stock-Trader-Turned-Convict Start a New Life?
Posted on 18:22 by nice news
One day in the middle of 2008, Sakhawat Khan, a Silicon Valley chip engineer, walked into a small house near the back of his two-acre property that his wife, Roomy, a stock trader, used as a home office. Roomy and Sakhawat met when they were electrical-engineering students at Columbia University. After graduating, Sakhawat started inventing, eventually gathering some 30 semiconductor patents to his name. Roomy, who was more outgoing in social situations and more restless in her appetite for risk, was drawn to Wall Street and joined Galleon Group, a New York hedge fund run by the charismatic, bullish trader Raj Rajaratnam. In 1999, she struck out on her own to trade technology stocks. She thrived. Riding the Internet boom, she said, she had amassed a paper fortune of $50 million.
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“I am not kidding when I say I had money,” Roomy told me when I met her recently. “I had a lot of money.” In the late 1990s, the Khans moved out of their house in Sunnyvale, Calif., — Roomy called it a “khudd,” a Punjabi word for “hole” — and bought a 9,000-square-foot mansion in Atherton, the wealthiest town in Silicon Valley. They paid $10.5 million, all cash. The house had a pool, a tennis court and more than half a dozen marble
Continue reading the main story
RELATED COVERAGE
Rengan Rajaratnam's relationship with his brother seesawed over the years.Younger Rajaratnam Finally Out of His Brother’s ShadowJULY 8, 2014
Raj Rajaratnam, a native of Sri Lanka and the founder of the Galleon Group, is charged with reaping $54 million on illegal stock trades.Raj Rajaratnam’s Trial Captivates South AsiansAPRIL 26, 2011
Post-Bubble Portraits The great housing-fueled market bubble couldn’t burst, could it? The best Wall Street minds and their best risk-management tools failed to see the crash coming.RISK Mismanagement - What Led to the Financial MeltdownJAN. 2, 2009
It’s the Economy: What Does Wall Street Do for You?JAN. 11, 2012
“I am not kidding when I say I had money,” Roomy told me when I met her recently. “I had a lot of money.” In the late 1990s, the Khans moved out of their house in Sunnyvale, Calif., — Roomy called it a “khudd,” a Punjabi word for “hole” — and bought a 9,000-square-foot mansion in Atherton, the wealthiest town in Silicon Valley. They paid $10.5 million, all cash. The house had a pool, a tennis court and more than half a dozen marble
Can a Stock-Trader-Turned-Convict Start a New Life?
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