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

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.