Wednesday, 1 April 2015
Last updated 2 hours ago
Jan 6 2011 | 2:57am ET
Raj Rajaratnam really doesn’t want to have to turn over the wiretap transcripts at the center of the insider-trading case against him.
The Galleon Group founder asked a judge to hold off forcing him to hand over the tap, which he received as part of discovery in the criminal case against him, until the criminal trial is over. The criminal trial is set to begin on Feb. 28; the civil trial will follow.
U.S. District Judge Richard Holwell, overseeing the criminal trial, ruled the wiretaps admissible in November. An appeals court had earlier stayed an order from the judge overseeing the civil trial, Jed Rakoff, that Rajaratnam and co-defendant Danielle Chiesi turn over the transcripts to the SEC.
Rakoff had ruled that it was unfair for one side in the case—Rajaratnam’s—to have access to key evidence unless the other side—the SEC—also got them.
There are more than 18,000 recorded conversations at issue. Rajaratnam’s legal team has previously argued that the SEC has no authority to use wiretaps.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…