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Tuesday, June 25, 2013

A Big House For A Big Man: A Raj Rajaratnam Ruling

  • Editor's note: “reckless disregard for the truth.” This is the credo of the Probate Court of Cook County.  Lucius Verenus, Schoolmaster, ProbateSharks.com
  • 24 Jun 2013 at 5:09 PM
  • 2nd Circuit, Crime, Hedge Funds / Private Equity, Insider Trading, Money, Quote of the Day, Wall Street

    • A Big House For A Big Man: A Raj Rajaratnam Ruling

    By
    Raj Rajaratnam
    Rajaratnam’s arguments are not persuasive.
    – Judge José A. Cabranes, writing for a three-judge panel of the Second Circuit in upholding the insider trading convictions of former hedge fund manager Raj Rajaratnam. On appeal, Rajaratnam unsuccessfully argued that federal prosecutors obtained a wiretap warrant with a “reckless disregard for the truth.” Rajaratnam will serve the remainder of his 11-year sentence.
    (If you’re interested, continue reading for the Second Circuit’s opinion.)



    Rajaratnam Conviction Upheld by Appeals Court [DealBook / New York Times]

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