Rajaratnam Brother Charged With Insider-Trading

Mar 22 2013 | 2:32am ET

Raj Rajaratnam's brother has been charged with insider-trading, two years after the Galleon Group founder's conviction for the same crime.

Rajarengan Rajaratnam, known as Rengan, was hit with allegations that he and his brother conspired to trade on confidential information about two technology stocks, earning them nearly $1.2 million in illicit profits in 2008. Rengan was also sued today by the Securities and Exchange Commission.


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