Hammering inside traders and hedge funds -- while bigger problems fester

Updated

Two weeks after billionaire hedge fund manager Raj Rajaratnam was handcuffed and walked out of his New York apartment by authorities at dawn, the roster of corporate brass at some of America's biggest companies brought down by the Galleon scandal continues to grow.

On Monday, former Advanced Micro Devices (AMD) CEO Hector Ruiz (pictured) stepped down as chairman of Globalfoundries, a chip manufacturer that was spun off from AMD. While at AMD -- the world's second-largest chipmaker -- Ruiz allegedly provided an accomplice of Rajaratnam's with insider information and joins senior executives at corporate titans like IBM (IBM), Intel (INTC) and McKinsey who have seen their careers come to an abrupt end following the allegations.

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