Rajaratnam Jury Hears Tapes Of Goel, Brother On Day 10

May 10 2011 | 1:33pm ET

The jurors in the Raj Rajaratnam insider-trading case listened to a dozen more wiretapped conversations involving the Galleon Group founder yesterday, which ended without a verdict.

The panel returned to court today to begin their 11th day of deliberations and fifth since they restarted them after a juror had to be replaced. All told, the reconstituted jury has now listened to two-thirds of the 45 tapes played during the trial.

Yesterday morning, the jury asked to rehear six tapes they had listened to prior to the exit of the juror last week, telling the judge in a note that it was on behalf of their newest member. They followed that up with a request to hear another half-dozen tapes.

All but two of the 12 conversations the jury requested, and all of the first batch, were between Rajaratnam and government star witness Rajiv Goel, a former Intel Corp. analyst who testified that he passed confidential information to his former friend. The conversations dealt primarily with two deals which the government says Rajaratnam used inside information to trade on.

The other two tapes were conversations between Rajaratnam and his brother, Rengan, a former Galleon employee.

Rajaratnam faces decades in prison if convicted.


In Depth

Hedge Fund Veteran Peter Borish Talks Trading

Dec 17 2014 | 9:32am ET

Peter Borish says 2014 was “tricky” from a trading perspective. “The best...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps 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.