Report this ad But a person familiar with the matter has previously said the inmate was Rajaratnam, who was convicted and sentenced in 2011 to 11 years in prison for insider trading and was released early in 2019. William Tidwell, 49, did not mention Rajaratnam by name when appearing before a judge in Boston to admit to accepting about $90,000…
A former correctional counselor at a federal prison in Massachusetts pleaded guilty on Wednesday to secretly accepting tens of thousands of dollars from a wealthy inmate identified by a source as Galleon Group hedge fund founder Raj Rajaratnam. William Tidwell, 49, did not mention Rajaratnam by name when appearing before a judge in Boston to admit to accepting about $90,000…
Starting in 2018, Tidwell began receiving undisclosed benefits from Rajaratnam and a close friend and business associate of Rajaratnam, according to charging papers and the person familiar with the matter. Those benefits included $25,000 to help pay off loans for a family member and more than $65,000 in fees and other benefits stemming from an agreement to help manage certain…
…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 least sympathetic defendant ever.” Says…
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 did for a time have…
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, according to a source familiar…
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 a quiet block of Manhattan’s…
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 didn’t say, ‘I’m sorry.’” The…
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 sentence after himself being convicted…
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 – Bloomberg