The Traderszone Network

Published in TZ Latest News 8 July, 2014 by The TZ Newswire Staff

Rengan Rajaratnam cleared, U.S. insider trading streak snapped

Rengan Rajaratnam, the younger brother of convicted Galleon Group founder Raj Rajaratnam, was cleared on Tuesday of conspiring to engage in insider trading while at the hedge fund, ending a five-year winning streak by U.S. prosecutors. After deliberating for less than four hours, a federal jury in New York found Rengan Rajaratnam, a former portfolio manager at Galleon, not guilty of the one conspiracy count he faced following the mid-trial dismissal by a judge of two more serious fraud charges. “You can go back to Brazil for the finals,” U.S.

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