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What is Raj Rajaratnam about?
Raj Rajaratnam founded the highly successful Galleon Group hedge fund in 1997. By 2009, it managed over $7 billion and Rajaratnam had a net worth over $1 billion. However, he was arrested that year and charged with 14 counts of securities fraud and conspiracy for trading on non-public information from company insiders. Wiretapped phone calls provided evidence of him receiving insider tips which he used to illegally trade stocks. In 2011, he was convicted on all counts and received the longest prison sentenc
- Author
- Ankita Jain
- Language
- EN