Rajaratnam guilty on all counts

Rajaratnam guilty on all countsIn what is seen as a landmark victory against Wall Street Corruption, Raj Rajaratnam was found guilty yesterday on all counts of fraud and conspiracy against him.  He was accused of receiving illegal information about insider trading and using it to increase the hedge fund he ran. He cleared more than $63.8 million off of illegal tips from public companies.

Rajaratnam, a native of Sri Lanka, faces up to 14 years in prison for his role in he scandal, which involved companies such as Goldman Sachs.  His lawyers argued that the information had been already available in industry analysis, but the Manhattan jury who convicted him did not believe his excuse.  His illegal dealings are said to stretch back up to 7 years.

 



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In what is seen as a landmark victory against Wall Street Corruption, Raj Rajaratnam was found guilty yesterday on all counts of fraud and conspiracy against him.  He was accused of receiving illegal information about insider trading and using it to increase the hedge fund he ran. He cleared more than $63.8 million off of illegal tips from public companies. Rajaratnam, a native of Sri Lanka, faces up to 14 years in prison for his role in he scandal, which involved companies such as Goldman Sachs.  His lawyers argued that the information had been already available in industry analysis, but...

Rajaratnam guilty on all countsIn what is seen as a landmark victory against Wall Street Corruption, Raj Rajaratnam was found guilty yesterday on all counts of fraud and conspiracy against him.  He was accused of receiving illegal information about insider trading and using it to increase the hedge fund he ran. He cleared more than $63.8 million off of illegal tips from public companies.

Rajaratnam, a native of Sri Lanka, faces up to 14 years in prison for his role in he scandal, which involved companies such as Goldman Sachs.  His lawyers argued that the information had been already available in industry analysis, but the Manhattan jury who convicted him did not believe his excuse.  His illegal dealings are said to stretch back up to 7 years.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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