Raj Rajaratnam, Hedge Fund Billionaire, Guilty of Insider Trading

Thursday, May 12, 2011

In what has amounted to one of the largest and most prominent cases of insider trading, a billionaire hedge fund manager was found guilty Wednesday of fraud and conspiracy by a federal jury in Manhattan. Raj Rajaratnam is the co-founder of the hedge fund Galleon Group — he was also considered one of the savviest traders on Wall Street. But for nine months, the federal government secretly recorded Rajaratnam’s phone conversations with traders and powerful corporate insiders. We get the back story with Louise Story, Wall Street and finance reporter for The New York Times.

Guests:

Louise Story

Produced by:

Arwa Gunja

Comments [1]

Peg

It's very satisfying to hear that one of Wall St.'s crooks has been convicted. Can't wait till prosecutors go for the rest of these financial terrorists.

Do conservatives think it's ok to perform enhanced interrogation on Rajaratnam to bring down some more of his "network?" Will we make a Gitmo for Wall St crooks?

May. 12 2011 06:25 AM

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