Thursday, 27 April 2017
Last updated 21 min ago
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.