Galleon Group founder and accused insider-trader Raj Rajaratnam has asked a judge to cut his record $100 million bail to something a little bit more manageable.

In a letter to U.S. Magistrate Judge Frank Maas, Rajaratnam’s lawyer, John Dowd, said his client was not a flight risk and that the bail restrictions, which bar Rajaratnam from traveling more than 110 miles from New York City, is hampering his ability to sell Galleon, which is liquidating most of its hedge funds.

Dowd noted that Ponzi scheme mastermind Bernard Madoff was released on just $10 million bond, despite his being accused of a $65 billion fraud. Rajaratnam is just one of six people arrested in an alleged $20 million insider-trading ring, and Dowd called the case against Rajaratnam, which “relies heavily on a single cooperating witness,” weak. That witness is Roomy Khan, a former Galleon employee who is cooperating with prosecutors and has agreed to plead guilty.

Dowd asked that Rajaratnam’s bail be reduced to $25 million, and that he be allowed to travel throughout the continental U.S. The dual U.S. and Sri Lankan citizen has already surrendered his passports.

“Mr. Rajaratnam is considering a number of possible business options in connection with the wind-down of Galleon, including a potential acquisition of Galleon by interested parties that could preserve jobs for many Galleon employees,” Dowd wrote.

Prosecutors oppose the bail reduction and the loosening of the travel restriction.

But Dowd, perhaps best known as the author of the report on baseball great Pete Rose’s gambling that earned Rose a lifetime bar from the game, says Rajaratnam isn’t going anywhere.

“Far from intending to flee, Mr. Rajaratnam looks forward to defending himself,” he wrote.

Dowd also pointed to signs of his client’s good faith, such as his removal of all shredders from Galleon’s offices and his order to employees to preserve documents. He also denied that Rajaratnam’s planned trip to London on the day of his arrest was an attempt to flee; instead, he was going to screen a movie he helped finance and to meet with potential clients.