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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 […]
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 […]
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 […]
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 – […]
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
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 […]
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? […]
Rengan Rajaratnam accused of conspiring with brother to trade on material nonpublic information about Clearwire Corp. and Advanced Micro Devices.
Rajaratnam to pay $1.45 million to resolve SEC charges related to alleged trading based on tips from Rajat Gupta.
Second Circuit to hear critical wiretap argument in insider trading case.