Wednesday, May 11, 2011

Psst! I've Got a Secret

Raj Rajaratnam had many, most of which were told to him by people on the inside of imminent deals or announcements. Mr. Rajaratnam was convicted on 14 counts of securities fraud. Mr. Rajaratnam parlayed his involvement in the Southeast Asian community into a network of informants who would tell him of upcoming major announcements. He was not cheap and paid generously for these tips, which earned him millions.

The question is whether the government will pursue other cases, including cases involving the issues that led up to the Great Recession.

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