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Former Galleon Employee: Raj Told Me To Feel Free To Insider Trade During My Time At The Firm

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A former hedge fund executive says his ex-boss gave him the green light to break the law by gathering secrets about the technology industry. Adam Smith testified Tuesday that Raj Rajaratnam's Galleon used the information to "get an edge" on massive trades. Smith secretly pleaded guilty last year. He agreed to record phone calls in the far-reaching investigation of Wall Street misdeeds. [AP]