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Raj Rajaratnam Poll(GUILTY)


Guest ValueCarl
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As jurors deliberate this hedge fund manager's fate, what do the rest of us degenerate gamblers, I mean RISK MANAGERS think?   

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  1. 1. As jurors deliberate this hedge fund manager's fate, what do the rest of us degenerate gamblers, I mean RISK MANAGERS think?

    • Guilty
    • Not Guilty
    • Hung jury


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Guest ValueCarl

Although a limited sample means for measuring was garnered, the consensus here is nearly in sync with the cockroach traders. imo

 

http://in.reuters.com/article/2011/04/29/idINIndia-56670420110429

 

(Reuters) - Traders are betting there is a 90 percent chance that hedge fund manager Raj Rajaratnam will be found guilty of insider trading when the jury returns its verdict in the high-profile Wall Street trial. 

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Guest ValueCarl

The variables which can upset best intentioned gamblers never cease to amaze me. Just when you believe you know something, something completely unexpected comes along.

 

 

<"You must disregard your earlier deliberations and begin your deliberations anew," U.S. District Judge Richard Holwell told the jurors, including the alternate juror, who was called back to the case after being allowed to leave on April 25.

 

The judge also said Galleon Group hedge fund founder Rajaratnam, 53, was absent "for personal reasons" and told the 12 jurors that it "should not interfere in your deliberations one way or another.">

 

http://finance.yahoo.com/news/Rajaratnam-juror-excused-jury-rb-1699284381.html;_ylt=AkuGYW7yex2x6R5rWRXgzGi7YWsA;_ylu=X3oDMTE1aDcycW5mBHBvcwM0BHNlYwN0b3BTdG9yaWVzBHNsawNyYWphcmF0bmFtanU-?x=0&sec=topStories&pos=1&asset=&ccode=

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Guest ValueCarl

Rajaratnam found guilty of insider trading      05/11 08:29 AM

 

 

 

SAN FRANCISCO (MarketWatch) -- Raj Rajaratnam, the billionaire founder of hedge-fund firm Galleon Group LLC, was found guilty of 14 counts of conspiracy and securities fraud Wednesday, handing the U.S. government a big victory in a multiyear investigation into insider trading.

Rajaratnam was arrested in October 2009 and charged with five counts of conspiracy and nine counts of securities fraud.

In a trial that began March 8, the hedge-fund founder's lawyers argued he was conducting bona fide investment research, rather than trading on inside information.

After weeks of deliberations, the jury in federal court in Manhattan found Rajaratnam guilty of:

Count 1. Conspiracy to commit securities fraud involving inside information about companies including Advanced Micro Devices (AMD:$8.95,00$0.0100,0.11%) , Goldman Sachs (GS:$148.93,00$-1.4700,-0.98%) and Marvell Technology Group (MRVL:$14.86,00$-0.19,00-1.26%) .

Count 2. Conspiracy to commit securities fraud involving an alleged insider-trading scheme between Rajaratnam and Roomy Khan.

Count 3. Conspiracy to commit securities fraud involving an alleged insider-trading scheme between Rajaratnam and former Intel Corp. (INTC:$23.59,00$0.56,002.43%) executive Rajiv Goel.

Count 4. Conspiracy to commit securities fraud involving an alleged insider-trading scheme between Rajaratnam and former McKinsey & Co. senior partner Anil Kumar.

Count 5. Conspiracy to commit securities fraud involving an alleged insider-trading scheme between Rajaratnam and Danielle Chiesi of Bear Stearns hedge fund New Castle Partners.

Count 6. Securities fraud involving Galleon trading of Clearwire Corp. (CLWR:$4.75,00$0.01,000.21%) shares on March 24, 2008.

Count 7. Securities fraud involving trading of Galleon Clearwire shares on March 25, 2008.

Count 8. Securities fraud involving Galleon trading of Akamai (AKAM:$34.51,00$-0.40,00-1.15%) shares on July 25, 2008.

Count 9. Securities fraud involving Galleon trading of Akamai (AKAM:$34.51,00$-0.40,00-1.15%) shares on July 29, 2008.

Count 10. Securities fraud involving Galleon trading of Akamai (AKAM:$34.51,00$-0.40,00-1.15%) shares on July 30, 2008.

Count 11. Securities fraud involving Rajaratnam trading of PeopleSupport shares on July 28, 2008.

Count 12. Securities fraud involving Rajaratnam trading of PeopleSupport shares on Oct. 7, 2008.

Count 13. Securities fraud involving Galleon transactions in securities of ATI Technologies in 2006.

Count 14. Securities fraud involving Galleon transactions in securities of Intel (INTC:$23.59,00$0.56,002.43%) in about April 2007.

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"His main lawyer, John Dowd, told dozens of reporters outside the courthouse that his client would keep fighting.

 

'We're gonna take an appeal for this conviction,' Dowd said. 'We'll see you in the 2nd circuit' a reference to the appeals court in New York."

 

Really? Huh...never saw THAT coming. Imagine, an appeal. Not sure who it was who posted elsewhere about requiring the unsucessful litigant to pay for court costs, etc, but that should DEFINITELY be in place for appeals...especially one of the knee-jerk "We're going to appeal and appeal and appeal until our client dies of old age".

 

-Crip

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