A federal jury convicted Galleon Group founder Raj Rajaratnam on all 14 counts of securities fraud and conspiracy, providing the US with a significant win in a push to prosecute insider trading on Wall Street and in corporate America.

The verdict by the 12-member jury, following 11 days of deliberation, capped a blockbuster trial that started in early March featuring 45 recorded calls showing how the hedge fund executive trafficked in insider tips provided to him by a web of contacts at the top tier of American business.