Brother of imprisoned hedge fund founder faces his own trial
NEW YORK, N.Y. - An insider trading trial is set to start in New York for the brother of an imprisoned one-time billionaire hedge fund founder.
Rengan Rajaratnam (RAIN-ghin rah-juh-RUHT'-nuhm) goes on trial Tuesday, three years after his brother was convicted in Manhattan federal court on insider trading charges.
The brother, Raj Rajaratnam, is serving an 11-year prison sentence. The Supreme Court on Monday declined to hear further appeals of his case.
Rengan Rajaratnam has pleaded not guilty to securities fraud charges.
The charges against him are an extension of charges brought against his brother and two dozen other defendants who pleaded guilty or were convicted at trial.
Prosecutors made extensive use of wiretaps in an insider trading case for the first time during the federal probe, which began over six years ago.
Read more Business News
- Scam man has 44 convictionsKelowna - 11:51 am
- 2.5 times over the limitKelowna - 11:45 am
- Escape from CaboKelowna - 5:00 am
- Eagle rescued at seaBC - 10:28 am
|QHR Technologies Inc||1.26||-0.01|
|Anavex Life Sciences||0.20||-0.0195|
|Copper Mountain Mining||2.42||+0.02|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.265||-0.005|
“Is this a fair offer from ICBC?”…. “How much should I settle for?”… “What is my claim worth?” These are just some of the questions I regularly get as...
Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...
There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...