Massive Insider Trading Trial Offers New Look at Wall Street

Jury selection set to begin Tuesday in the case of Raj Rajaratnam.

Monday, Mar 7, 2011  |  Updated 1:45 PM EDT
View Comments (
)
|
Email
|
Print
Top New York News Photos of 2011

NYLL101

Photos and Videos
More Photos and Videos

A Manhattan insider trading trial promises to put the game of making money on Wall Street in a fish bowl like never before.

Jury selection starts Tuesday in the case of Raj Rajaratnam, a one-time billionaire who sat atop the hedge fund world until he was arrested on federal charges.     

He is accused of making more than $50 million by trading on secret information in the stock market. He has pleaded not guilty.

The jury is expected to hear dozens of secretly taped conversations between the founder of the Galleon Group and partners in the hedge fund industry.

Rajaratnam has remained free on $100 million bail since his October 2009 arrest.

Authorities brought charges against two dozen others in the probe. Nineteen have pleaded guilty.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
21st Century Solutions
The NBCUniversal Foundation is partnering... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out