Knowledge (XXG)

Raj Rajaratnam

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in Manhattan on March 3, 2017, rejected Rajaratnam's bid to void much of his insider trading conviction and shorten his 11-year prison sentence, on account of Rajaratnam failing to show his actual innocence on five of the 14 counts on which he was convicted, or that two other counts should be vacated
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Three days before Gupta's arrest, Rajaratnam was reported to have said that the prosecutors had wanted him to wear a wire and tape his conversations with Gupta. "It was Rajaratnam’s understanding that were he to plead guilty and wear a wire, he might be offered a sentence of as little as five years.
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Rajaratnam alongside other private donors, partnered with the US State Department to fund mine detection dogs for humanitarian demining war-affected areas in Sri Lanka. Rajaratnam was in Sri Lanka when the 2004 Asian Tsunami hit and donated $ 5 million to for the construction of 400 new homes for
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His hedge fund was valued at $ 3.7 billion in 2009, down from a peak of $ 7 billion in 2008. According to a 2009 investor letter his $ 1.2 billion Diversified Fund had a net annualized return of 22.3 percent. Rajaratnam has been featured among the elite US money managers in a book
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After Rajaratnam's arrest, Galleon received requests from its investors for the withdrawal of $ 1.3 billion, which caused the fund to close. In a letter dated October 21, 2009, Rajaratnam informed his employees and investors that he intended to wind down all the funds of the Galleon Group.
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On May 11, 2011, Rajaratnam was found guilty on all 14 counts of conspiracy and securities fraud. On October 13, 2011, Rajaratnam was sentenced to 11 years in prison by Judge Richard Holwell. To date, this was the longest prison sentence ever handed out for insider trading. The thirteen other
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put the total profits in the scheme at over $ 60 million, telling a news conference that it was the largest hedge fund insider trading case in United States history. Jim Walden, an attorney for Rajaratnam, said his client is innocent and would fight the insider-trading charges.
514:(LTTE). TRO's offices were raided by the FBI in 2006 but the organization was never charged with any wrongdoing. At the time of Rajaratnam’s contributions were made, the TRO was not outlawed by the U.S. nor Sri Lankan governments. The chief of the investigations unit at the 417:
The Sri Lankan stock market fell sharply after Rajaratnam was arrested on insider trading charges in October 2009. Sri Lanka's Securities and Exchange Commission is reviewing the active stock trading of Raj Rajaratnam with a view of identifying any insider trading.
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as an equity research analyst in 1985, where he focused on the consumer electronics and Technology sector. He rapidly rose through the ranks, becoming the head of research in 1987 and the president in 1991, at the age of 34. At the company's behest, he started a
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because the main government witness committed perjury. Preska also "rejected Rajaratnam's argument that his trial counsel was ineffective, and denied Rajaratnam's bid to reduce the $ 53.8 million that he had agreed to forfeit to about $ 4.3 million."
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Initially, he primarily invested in technology and healthcare companies. He said that his best ideas came from frequent visits with the companies in which he invested and from conversations with executives who invested in his fund.
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has acknowledged and thanked Rajaratnam for the millions of dollars contributed to rehabilitating child soldiers conscripted by the LTTE. Rajaratnam had pledged a $ 1 million to rehabilitate former LTTE combatants.
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chief executive Rajat Gupta told Rajaratnam about Berkshire's investment before it became public. Gupta stood to profit as would-be chairman of Galleon International, a co-founder of
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With good behavior, he could be out in 85 percent of that time," the report continued. Rajaratnam did not — and has not ever, cooperated with federal prosecutors.
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Rajaratnam served seven and a half years of an 11-year sentence in prison and was released in the summer of 2019. In December 2021, he published his memoir
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his innocence, counter-sued, and won dismissal of the administrative charge, but was then arrested on criminal charges.
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Roomy Khan, previously convicted of wire fraud for providing inside information from her employer, Intel, to Rajaratnam.
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with Rajaratnam, and as a friend of Rajaratnam. In March 2011 Gupta was charged in an administrative proceeding by the
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It was reported that Rajaratnam, Goel, and Kumar were all part of the class of 1983 from Wharton business school.
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defendants connected to Rajaratnam's case received prison sentences averaging approximately three years each.
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Rajaratnam was also accused of conspiring to obtain confidential information on the $ 5 billion purchase by
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John Tammy. "The Tragic and Needless Destruction of Raj Rajaratnam, Price-Giver Extraordinaire." Review of
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where he specialized in business loans to technology companies. He joined the investment banking boutique
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President Rajkumar Kanagasingam (left) on January 20, 2024 at the Hoover Auditorium, Faculty of Medicine,
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Rajaratnam served the first years of his 11-year sentence in Ayer, Massachusetts. His appeal to the
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Rajaratnam highlights and explains the details of strategies employed to achieve his conviction.
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Rajaratnam was accused of profiting from information received from the individuals listed below:
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Investors received the full balance of their initial investments, plus profits, in January 2010.
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In 2008, Raj was listed as the 262nd richest man in the United States, according to the latest
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Sri Lanka in 1970 and the vice president in South Asia. and mother Rajeshwari, a homemaker.
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preferred stock prior to the September 2008 public announcement of that transaction. The
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reported that a former member of the board of directors of Goldman Sachs and former
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Raj Rajaratnam, Galleon Group, Anil Kumar, and Rajat Gupta insider trading cases
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detailing the events surrounding his conviction and his criticisms of the US
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United States Court of Appeals for the District of Columbia Circuit
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Rajaratnam being released after 7 1/2 years, published his memoir,
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United States District Court for the Southern District of New York
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Officials Say Investor's Donations Wound Up With Sri Lanka Rebels
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in the stock of several publicly traded companies. U.S. Attorney
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Prisoners and detainees of the United States federal government
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On Friday October 16, 2009, Raj Rajaratnam was arrested by the
895:"First Guardian Equities – Raj Rajaratnam Shareholder profile" 846:. New York. Associated Press. November 9, 2011. Archived from 796:"Rajaratnam Guilty on All Counts in U.S. Insider-Trading Case" 380: 357: 206: 815:"Hedge fund billionaire gets 11-year sentence in fraud case" 742:"Financial Times - Rajaratnam: Rich American from Sri Lanka" 518:
found that Rajaratnam's donations were made in good faith.
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Michael J. De La Merced; Zachery Kouwe (October 18, 2009).
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the island's various ethnic groups - Sinhalese and Tamils.
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before his family migrated to England in 1971. He attended
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Daya Gamage – US National Correspondent Asian Tribune.
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Daya Gamage – US National Correspondent Asian Tribune.
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Contributions to charitable and political organizations
1372:"Millett, Patricia Ann | Federal Judicial Center" 1265:, October 23, 2011 10:00 AM EDT. Retrieved 2011-10-26. 1002:
Pulliam, Susan; Gregory Zuckerman (October 20, 2009).
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Rajaratnam started his career as a lending officer at
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Burton, Katherine; Saijel Kishan (October 19, 2009).
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United States Court of Appeals for the Second Circuit
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Alumni of S. Thomas' Preparatory School, Kollupitiya
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Esposito, Richard, Kristin Jones, Anna Schecter and
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Director Dr. Thangamuthu Sathiyamoorthy (right) and
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The Wharton School of the University of Pennsylvania
1228:"Ex-Goldman director Gupta, SEC to drop litigation" 771:"Arrest of Hedge Fund Chief Unsettles the Industry" 118: 110: 89: 81: 49: 30: 1303:"Rajaratnam Gets 11 Years in Insider-Trading Case" 961:"Raj Rajaratnam Became Billionaire Demanding Edge" 692:"For Galleon Executive, Swagger in the Spotlight" 502:Rajaratnam contributed $ 3.5 million to the 179:Raj Rajaratnam is seen during the release of the 1426:"Wall St villain is hero in tsunami hit village" 946:. Dealbook.nytimes.com. Retrieved on 2013-07-18. 764: 762: 296:Wharton School of the University of Pennsylvania 1301:Bray, Chad; Pulliam, Susan (October 14, 2011). 1124:USDC NDCA case no. 5:01-cr-20029-JW USA v. Khan 574:Talking to Andrew Ross Sorkin of Squawk Box on 342:Conviction and imprisonment for insider trading 286:in London and later studied engineering at the 1660:. 8 December 2021. Retrieved 20 December 2021. 8: 1638:: CS1 maint: multiple names: authors list ( 1275:Lattman, Peter; Ahmed, Azam (May 11, 2011). 1136:"Class of '83 author recalls 'likeable' guy" 510:due to its alleged close connections to the 205:On October 16, 2009, he was arrested by the 1762:Alumni of S. Thomas' College, Mount Lavinia 1737:American people of Sri Lankan Tamil descent 1326: 1324: 954: 952: 280:S. Thomas' Preparatory School, Kollupitiya 38: 27: 1702:Sri Lankan emigrants to the United States 1361:, December 7, 2011; retrieved 2011-12-18. 884:, October 23, 2011; retrieved 2011-10-26. 1654:Uneven Justice: The Plot to Sink Galleon 271:, who was the chairman & CEO of the 170:Forbes list of the 400 Richest Americans 162:Uneven Justice: The Plot to Sink Galleon 867: 865: 613: 1631: 1535: 1525: 1489: 1479: 622:Naturalization records at ancestry.com 1572:"Billionaire cleared of funding LTTE" 1028:Checkler, Joseph (October 21, 2009). 840:"Judge fines Rajaratnam $ 92 million" 657: 655: 7: 1134:O'Connor, Sarah (October 20, 2009). 913:"Bloomberg – Raj Rajaratnam profile" 383:, considered next in line to be CEO. 1767:People convicted of insider trading 1331:Lattman, Peter (October 13, 2011). 1277:"Galleon's Rajaratnam Found Guilty" 1179:"Sri Lanka Investigates Rajaratnam" 944:Raj Rajaratnam Speaks - NYTimes.com 690:Berenson, Alex (November 2, 2009). 633:Berenson, Alex (November 9, 2009). 537:and various campaigns on behalf of 1757:People educated at Dulwich College 1742:American people convicted of fraud 1722:Alumni of the University of Sussex 1030:"Galleon to Wind Down Hedge Funds" 504:Tamils Rehabilitation Organisation 14: 813:Irwin, Neil (February 28, 2011). 134:Rajakanthan Rajaratnam (brother) 1772:American prisoners and detainees 1181:. lankaenews.com. Archived from 512:Liberation Tigers of Tamil Eelam 195:Fintech Association of Sri Lanka 1440:"Indian Court upholds LTTE ban" 1106:Bandler, James (July 6, 2010). 925:Mehta, Suketu. "The Outsider", 224:Rajaratnam was incarcerated at 127:Rajeswari Muttucumaru (mother) 1204:McCool, Grant (May 14, 2010). 1004:"Galleon Clients Abandon Ship" 474:was argued in October 2012 by 331:The New Investment Superstars. 226:Federal Medical Center, Devens 1: 1335:. Dealbook.The New York Times 983:The New Investment Superstars 942:Lattman, Peter. (2012-12-13) 535:Democratic National Committee 508:US Department of the Treasury 136:Shanthini Rajaratnam (sister) 1752:American hedge fund managers 16:American investments manager 531:Federal Election Commission 523:Sri Lankan justice ministry 267:(present-day Sri Lanka) to 151:manager and founder of the 138:Vathani Rajaratnam (sister) 1818: 635:"Swagger in the Spotlight" 18: 1787:Sri Lankan businesspeople 273:Singer Sewing Machine Co. 240:, in the summer of 2019. 234:Upper East Side Manhattan 37: 389:, a senior executive of 379:, a senior executive of 255:Rajaratnam is an ethnic 191:Jaffna Teaching Hospital 1782:Sri Lankan Tamil people 1558:The Wall Street Journal 1307:The Wall Street Journal 1085:The Wall Street Journal 1059:The Wall Street Journal 1034:The Wall Street Journal 1008:The Wall Street Journal 931:Academic Search Premier 516:Sri Lankan central bank 44:Raj Rajaratnam on media 929:158.18 (2011): 46–51. 668:The Island (Sri Lanka) 557:Post-prison activities 482:on December 10, 2013. 439:McKinsey & Company 393:, and close friend of 391:McKinsey & Company 348:Additional context at 236:apartment, located on 217:(09 Cr. 01184) in the 202: 145:Rajakumaran Rajaratnam 54:Rajakumaran Rajaratnam 1792:Wharton School alumni 1727:American billionaires 933:, September 18, 2012. 717:"#236 Raj Rajaratnam" 290:, and then earned an 263:in what was then the 178: 1707:Tamil businesspeople 1611:(October 16, 2009). 850:on November 10, 2011 671:. September 19, 2021 485:U.S. District Judge 308:Chase Manhattan Bank 288:University of Sussex 199:University of Jaffna 183:version of the book 97:University of Sussex 19:For other uses, see 1732:American financiers 1656:by Raj Rajaratnam. 1578:. October 19, 2009. 1561:, October 19, 2009. 1167:. October 20, 2009. 915:. October 19, 2009. 819:The Washington Post 435:Wall Street Journal 230:Ayer, Massachusetts 1802:Tamil billionaires 1747:Financial scandals 1538:has generic name ( 1492:has generic name ( 1281:The New York Times 1087:. October 19, 2009 1061:. October 16, 2009 775:The New York Times 746:www.sundaytimes.lk 696:The New York Times 639:The New York Times 427:Berkshire Hathaway 407:Capital executive. 265:Dominion of Ceylon 215:U.S. v. Rajaratnam 203: 114:Hedge fund manager 991:978-0-471-40313-5 901:on June 27, 2008. 589:SEC v. Rajaratnam 529:According to the 312:Needham & Co. 142: 141: 130:Rengan Rajaratnam 1809: 1686: 1685: 1683: 1681: 1667: 1661: 1650: 1644: 1643: 1637: 1629: 1627: 1625: 1604: 1595: 1594: 1587: 1581: 1579: 1568: 1562: 1550: 1544: 1543: 1537: 1533: 1531: 1523: 1521: 1519: 1504: 1498: 1497: 1491: 1487: 1485: 1477: 1475: 1473: 1458: 1452: 1451: 1449: 1447: 1436: 1430: 1429: 1422: 1416: 1415: 1408: 1402: 1401: 1399: 1397: 1382: 1376: 1375: 1368: 1362: 1351: 1345: 1344: 1342: 1340: 1328: 1319: 1318: 1316: 1314: 1298: 1292: 1291: 1289: 1287: 1272: 1266: 1250: 1244: 1243: 1241: 1239: 1234:. August 4, 2011 1224: 1218: 1217: 1215: 1213: 1201: 1195: 1194: 1192: 1190: 1185:on July 13, 2011 1175: 1169: 1168: 1157: 1151: 1150: 1148: 1146: 1131: 1125: 1122: 1116: 1115: 1103: 1097: 1096: 1094: 1092: 1077: 1071: 1070: 1068: 1066: 1051: 1045: 1044: 1042: 1040: 1025: 1019: 1018: 1016: 1014: 999: 993: 979: 973: 972: 970: 968: 956: 947: 940: 934: 923: 917: 916: 909: 903: 902: 897:. 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Index

Rajaratnam

Colombo
Sri Lanka
University of Sussex
The Wharton School of the University of Pennsylvania
J. M. Rajaratnam
Rengan Rajaratnam
hedge fund
Galleon Group
New York
Uneven Justice: The Plot to Sink Galleon
Forbes list of the 400 Richest Americans

Tamil
Uneven Justice
Jaffna Teaching Hospital
Fintech Association of Sri Lanka
University of Jaffna
FBI
insider trading
United States District Court for the Southern District of New York
Federal Medical Center, Devens
Ayer, Massachusetts
Upper East Side Manhattan
Sutton Place
Sri Lankan Tamil
Colombo
Dominion of Ceylon
J. M. Rajaratnam

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