Sunday, 3 May 2015
Last updated 1 day ago
Oct 11 2013 | 10:38am ET
The U.S. government shutdown has put the brakes on the case against Galleon Group founder Raj Rajaratnam's brother.
Rengan Rajaratnam was charged with insider-trading in March, accused of illegally trading two technology stocks while working at Galleon. He has pleaded not guilty, although in May prosecutors asked the judge overseeing the case for more time "to facilitate plea discussions."
But the now 11-day old shutdown is keeping them from the evidence prosecutors need: With the Department of Justice having furloughed all non-essential staff members, they do not currently have access to evidence held electronically at Justice facilities in Virginia, Bloomberg News reports.
Rengan Rajartnam returned to the U.S. from his home in Brazil to face the charges. He is currently free on $1 million bail.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…