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The Business Insider (Free subscription) | 11/25/2009
This Reuters "Flash" just popped up on Twitter. It seems surprising that a man famous for two things -- being a film director and skipping town decades ago after pleading guilty for charges relating to having sex with a 13-year-old -- would be granted bail after Swiss authorities bothered to decide to arrest him. Maybe there are all sorts of conditions...we'll update as necessary. Join the...
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Daily Intelligencer - New York Magazine (Free subscription) | 11/25/2009
Yesterday in a court filing , lawyers for Raj Rajaratnam made the case that it was unconstitutional for the SEC to wiretap the Galleon founder because they had already interviewed him during the course of investigating an "unrelated hedge fund." But actually, the WSJ tells us today, it was was related — literally. The fund under investigation, Sedna, was run by Raj's brother Rengan....
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DealBreaker (Free subscription) | 11/25/2009
As previously mentioned , Raj Rajaratnam's younger brother, Regnan, was investigated for insider trading in 2007. But why did baby bro (maybe) get into a game of just the (hot stock) tip in the first place? Based on this quote from 2001, I'm thinking to land some ladies. Here's what Rengs told Fox in an interview on bachelors competing for a dwindling supply of bachelorettes: "It definitely feels...
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Paralegal SLO (Free subscription) | 11/25/2009
Galleon Group founder Raj Rajaratnam is challenging the wiretaps used in the government’s insider trading case against him. In a filing submitted in the civil case against him, Rajaratnam says the government used wiretaps without showing that conventional investigative techniques were inadequate, as required by federal law, the New York Times reports. Rajaratnam is represented by lawyers at Akin...
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DealBreaker (Free subscription) | 11/25/2009
The Journal reports that Raj Rajaratnam was deposed by federal authorities in 2007 in an insider-trading investigation involving "an unrelated hedge fund." And by unrelated he means it was his brother Rengan's fund, Sedna Capital, which was described by in 2007 by Total Alternatives as a "Galleon spin-off." Little bro's fund closed later that year, supposedly due to poor performance...
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The Business Insider (Free subscription) | 11/25/2009
At the time, nothing came of it, but Raj isn't the first member of the Rajaratnam family to come under insider trading suspicion. WSJ : In papers filed Tuesday in a New York federal court, the Galleon Group founder disclosed that he was deposed by federal authorities in 2007 in an insider-trading investigation involving "an unrelated hedge fund." That fund was run by Rengan Rajaratnam, Raj's...
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Hedge Fund Jobs (Free subscription) | 11/25/2009
Galleon Fund Defense Galleon Fund Disputes Government's Accusations Raj Rajaratnam of Galleon Fund is disputing the government's accusations that he participated in insider trading. Mr. Rajaratnam's attorneys also argued that the government misled a judge when obtaining wiretaps. Billionaire hedge fund operator Raj Rajaratnam's (RAHJ rah-juh-RUHT'-nuhm) lawyers made the arguments in papers filed Tuesday...
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New York Post (Free subscription) | 11/25/2009
Lawyers for Raj Rajaratnam, the hedge fund maven accused of insider trading, claim that the government wiretaps used against him were illegal and should be tossed out as evidence. Responding to civil charges by the Securities and Exchange Commission...
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Law Blog - WSJ.com (Free subscription) | 11/25/2009
Before federal authorities began wiretapping hedge-fund manager Raj Rajaratnam, they were already interviewing him about another topic of interest: a hedge fund run by his brother.
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New York Times (Free subscription) | 11/25/2009
Raj Rajaratnam, the founder of the Galleon Group, said his hedge fund had based its investments on research and not, as the authorities claim, on inside information.
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USA Today (Free subscription) | 11/25/2009
Lawyers for a hedge fund executive charged with insider trading denied SEC charges that he used non-public data to gain an improper ...
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San Fransisco Chronicle (Free subscription) | 11/25/2009
One of America's richest men is defending himself against a massive insider trading case by saying he did not cheat and the government misled a judge to obtain wiretaps. Billionaire hedge fund operator Raj Rajaratnam's (RAHJ rah-juh-RUHT'-nuhm) lawyers made... Hedge fund - Raj Rajaratnam - InsiderTrading - GalleonGroup - Business
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The Business Insider (Free subscription) | 11/24/2009
Today, accused hedge fund inside trader Raj Rajaratnam fired back at the SEC , accusing the government of illegally using wiretaps on him and slamming the use of a convict as an informant. We asked litigation defense expert Mauricio Beugelmans of Cole-Frieman & Beugelmans LLP to weigh in. TBI: What do you make of Rajaratnam's charges about the improper use of the wiretaps and Roomy Khan's prior...
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The Business Insider (Free subscription) | 11/24/2009
It's already been a banner year for white-collar crime, and it's only going to get worse. U.S. Attorney for New York's Southern District, Preet Bharara, outlined the amazing opportunities crooks have today in a speech at NYU Law last week, but said his office is prepared with aggressive tactics more commonly associated with mafia investigations and HBO's The Wire . Bharara has had a busy first three...
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Financial Times (Free subscription) | 11/24/2009
Raj Rajaratnam, the billionaire investor, offered a glimpse of how he plans to contest the insider trading allegations against him as he attacked prosecutors’ use of court-authorised wiretaps and questioned the credibility of one of their key witnesses
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