Rajaratnam Jurors Resume Deliberations, Intrade Shows 90% Chance Of Conviction

May 2 2011 | 1:17pm ET

The jurors in the Raj Rajaratnam insider-trading trial have yet to render a verdict—they began their sixth day of deliberations today—but his fellow traders, or at least those betting on his fate, say he might as well get used to eight-by-twelve rooms and prison stripes.

There is a 90% chance the Galleon Group founder will be convicted of at least some of the 14 charges against him, traders on Intrade believe. The predictive market launched contracts on the Rajaratnam trial on Wednesday, the third day of deliberations. The odds haven't changed much since then.

Contracts on Rajaratnam's trial are going for about $9 each; if he goes up the river, they'll be worth $10. If he beats the rap, "investors" are out their $9.

Meanwhile, the seven women and five men who will decide the winners and losers of those contracts—as well as whether Rajaratnam will spend decades in prison—returned to Manhattan federal court this morning after a weekend off from the trial.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat