Thursday, 2 April 2015
Last updated 12 hours ago
Jun 17 2014 | 8:57am ET
Argentina wasn’t the only appellee denied by the U.S. Supreme Court yesterday.
The high court rejected the final appeal of Galleon Group founder Raj Rajaratnam, who is serving an 11-year sentence for insider-trading. The court did not explain why it refused to take the case.
Rajaratnam was convicted of fraud in 2011. Prosecutors said he had earned as much as $63.8 million in illegal profits trading on insider information about a large number of companies, including Goldman Sachs and Google Inc. The U.S. Second Circuit Court of Appeals last year upheld that conviction, rejecting Rajaratnam’s argument that the wiretaps central to the government’s case against him were improperly obtained.
The ruling comes just a day before one of Rajaratnam’s tipsters, former McKinsey & Co. chief and Goldman director Rajat Gupta, reports to prison for passing information about the bank to Rajaratnam.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…