Roomy Khan made a lot of money on Wall Street as a stock market analyst. She made even more when she took illegal profits from insider trading tips which she shared with her former employer, Raj Rajaratnam, co-founder of Galleon Group, one of the largest hedge funds in the world. By 1999, she had made $50 million. And she enjoyed spending it. She bought a $10.5 million house in Silicon Valley, in cash. If given $10,000 today, she confesses she would still run to a Louis Vuittion. ““Why? Because it makes me feel alive. I can’t change my wiring,” she said in 2015.
When Khan was caught by the FBI in 2008, she made a deal. She became a government informant. The FBI wanted Rajaratnam, and they got him. In October 2009 he was arrested and is now serving his seven-year sentence in jail. Khan got one year. Khan is now retelling her story including the moment when she was caught, on 60 Minutes. She says when two agents came knocking on her door and flashed their badges, “my heart sank.” Does she regret what she did, or does she regret being caught. She tells 60 Minutes: “I had all the right the breaks. I was so fortunate…I was very fortunate and then I threw it all away.” 60 Minutes airs Sundays at 7pm and 8pm on CBS.
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