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.


Louise Story

Produced by:

Arwa Gunja

Comments [1]


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

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.