Galleon Group LLC co-founder Raj Rajaratnam’s lawyer accused U.S. prosecutors of living in a “make-believe” and “imaginary world” where publicly available information about pending deals “didn’t exist.”
John Dowd, in the second day of closing arguments at Rajaratnam’s insider-trading trial, took jurors in Manhattan federal court through weeks of evidence to show that his client wasn’t guilty of conspiracy or securities fraud. His recurring theme was that information the government claimed was secret was actually public knowledge.
Read more: Rajaratnam Prosecutors Inhabit ‘Imaginary World,’ Dowd Says — Bloomberg News
