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Join the Securities Litigation and Enforcement Group on LinkedInRaj Rajaratnam Is Out of Jail and Hunting for His Next Big Trade – Bloomberg
…To hear Rajaratnam tell it, Bharara used the power of his office to win at all costs and advance his own career. He mentions Bharara 325 times in his 333-page book. Bharara today says he doesn’t care what Rajaratnam thinks. In an email, the former prosecutor called the hedge funder he put away possibly “the […]
Interview: Raj Rajaratnam Has A New Book And Is Speaking Out
Question: What did you make of your life in prison? Rajaratnam: I went to bed overnight with a clear conscience and slept well. I left everything I had in the courtroom and felt I cleared my name but the jury saw it different. When they did, I walked into prison with my head high. I […]
Convicted hedge fund founder Raj Rajaratnam releases book
In the book, Rajaratnam will also offer his perspective on the four-year investigation by federal prosecutor Preet Bharara into Rajaratnam’s epic spree of crooked stock picks that landed him at least $53.8 million in ill-gotten gains. The book includes some inside gossip about alleged misdeeds of former Goldman Sachs board member and fellow ex-con Rajat Gupta, […]
Galleon’s Raj Rajaratnam Is Released From Prison Two Years Early – Bloomberg
Raj Rajaratnam, the mastermind of what prosecutors said was one of the largest hedge-fund insider-trading rings in U.S. history, is out of prison — almost two years early. And he’s been out for more than six weeks. Rajaratnam, whose Galleon Group LLC once managed more than $7 billion, has been living with his family on […]
Rajat Gupta Is Unrepentant for His Crimes – The New York Times
Mr. Gupta, in his first interview since being released from prison three years ago, recalled the moment when he walked over to Mr. Rajaratnam on the prison grounds. “I told him, ‘Raj, I am here because of you,’” Mr. Gupta told me. The men did not shake hands. “He’s not the apologizing type, so he […]
Rajat Gupta Reports to Prison, Joins Raj Rajaratnam at FMC Devens in Massachusetts – Compliance Week
Yesterday, former Goldman Sachs board member Rajat Gupta began serving his two-year prison sentence for insider trading. After being convicted for providing Galleon founder Raj Rajaratnam with confidential information about Goldman Sachs, Gupta and Rajaratnam will now serve time at the same correctional facility: Federal Medical Center-Devens, located in Ayer, Massachusetts. Rajaratnam is serving a much longer, 11-year prison […]
SAC Case Began With Informant’s Tips on Cohen, Rajaratnam – Bloomberg
Without [David] Slaine, Rajaratnam and Cohen might still be investing clients’ money. He was the first person to cooperate with the government and was acknowledged in all but name at yesterday’s press conference announcing SAC’s plea, according to two people familiar with the investigation. via SAC Case Began With Informant’s Tips on Cohen, Rajaratnam – […]
With Manservant and Special Cell, Rajaratnam ‘Reigning Like a King’ in Prison – Compliance Week
The New York Post reports that Raj Rajaratnam has scored himself a prime jail cell and his own “manservant” of sorts as he serves his 11-year sentence in the Federal Medical Center Devens in Ayer, Massachusetts. via With Manservant and Special Cell, Rajaratnam ‘Reigning Like a King’ in Prison – Compliance Week
$13.9 Million SEC Penalty is Latest Blow to Gupta in Insider Case – Compliance Week
When you’ve already taken as many hits as former Goldman Sachs board member Rajat Gupta has from his involvement in the Rajaratnam insider trading case, is there anything else bad that can still happen to you? It turns out the answer to that question is a resounding yes, as the SEC took its pound of […]
Rajat Gupta’s Lust for Zeros – NYTimes.com
The 64-year-old Gupta, who remains free on appeal, has vigorously maintained his innocence. But even as his appeal is heard this week, the fundamental question behind his case remains a mystery. Why would one of the most revered C.E.O.’s of his generation, who retired with a fortune worth some $100 million, show such bad judgment? […]