Contact Us

Hedge Fund Insider Trading Trial

John Moore, Getty Images News

NEW YORK (AP) — An insider trading trial is set to start in New York for the brother of an imprisoned one-time billionaire hedge fund founder.

Rengan Rajaratnam goes on trial Tuesday, three years after his brother was convicted in Manhattan federal court on insider trading charges. The brother, Raj Rajaratnam, is serving an 11-year prison sentence. The Supreme Court on Monday declined to hear further appeals of his case.

Rengan Rajaratnam has pleaded not guilty to securities fraud charges. The charges against him are an extension of charges brought against his brother and two dozen other defendants who pleaded guilty or were convicted at trial. Prosecutors made extensive use of wiretaps in an insider trading case for the first time during the federal probe, which began over six years ago.

Best of WIBX 950

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://wibx950.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for IBX INCENTIVE CLUB quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive IBX INCENTIVE CLUB contests, events, coupons, presales, and much more delivered to you for FREE.