You know how when someone reads your emails or listens in on your phone calls and sees or hears something they weren’t supposed to hear and flips out and confronts you about it? And how on a few occasions you can plead total ignorance and convince them they took everything completely out of context and be like “OMG, that’s what you thought? When I said I was going to ‘choke a bitch’? Wow!” And they feel like an idiot (and a bit of a degenerate) and vow to never stick their nose in your shit again for fear of looking stupid? That’s kind of the approach Raj Rajaratnam is trying to take with this whole insider trading investigation.

Galleon Group LLC co-founder Raj Rajaratnam had a ready answer for every question U.S. regulators put to him about possible insider trading three years ago. “AMD on August 1st, now 13th,” Rajaratnam wrote in an Aug. 2, 2006, instant message sent to an RBC Capital Markets analyst. The analyst responded: “Hey, for the tickets have to choose package B?”

“What’s going on?” Securities and Exchange Commission lawyer Andrew Michaelson asked Rajaratnam during a formal agency deposition on June 7, 2007. He wanted to know about the link between “package B” and the ticker symbol for computer component-maker Advanced Micro Devices Inc.

“We were going to see cricket in Trinidad,” he told Michaelson. “We were talking about the cricket packages.” Rajaratnam said he didn’t recall the significance of Aug. 13.

Raj Rajaratnam Says Cricket, Not Crime, Was On His Mind [Bloomberg]

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Comments (45)

  1. Posted by Anonymous | May 13, 2010 at 10:40 AM

    Curry Smalls

  2. Posted by anon | May 13, 2010 at 10:41 AM

    Yeah, are you ready to enter those? Ok, buy me 10k of Denny’s at market, 20k each of PF Chang, Cracker Barrel and Steak n Shake, 15k of Piligrim’s Pride Chicken, 30k of Hormel, 5k of Imperial Sugar, 15k of Sara Lee, 8k of Tasty Bakeries, 20k of Sanderson Farms… ready for the shorts? 20k Whole Foods Market, 50k Lifetime Fitness, 10k Nautilus, 50k Weight Watchers, 20k each Nike and Underarmour…

  3. Posted by guest | May 13, 2010 at 10:43 AM

    How can you do anything with only six screens?

  4. Posted by anon | May 13, 2010 at 10:44 AM

    3 = adam sender

  5. Posted by Anonymous | May 13, 2010 at 10:45 AM

    Mr. Toad’s Wild Ride

  6. Posted by guest | May 13, 2010 at 10:46 AM

    I’ve had the same problem with a few of my completely innocent texts.

  7. Posted by Anonymous | May 13, 2010 at 10:52 AM

    Birdie num num

  8. Posted by american bandersnatch | May 13, 2010 at 10:54 AM

    @5 ? Please clarify? Are you thinking Raj, Ratty, Badger and Mole are going to do a return of Ulysses on the SEC weasels at Galleon?

  9. Posted by Anonymous | May 13, 2010 at 10:54 AM

    And now we know the source of the “Fat Finger” debacle

  10. Posted by Anonymous | May 13, 2010 at 10:58 AM

    I mistrust anyone who watches cricket. Period.

  11. Posted by Anonymous | May 13, 2010 at 11:00 AM

    totes mcgoats?

  12. Posted by Anonymous | May 13, 2010 at 11:01 AM

    I mistrust anyone who is subcontinental. Period.

  13. Posted by Anonymous | May 13, 2010 at 11:03 AM

    What’s the ticker on “Chicken Tikka Masala”?

  14. Posted by Anonymous | May 13, 2010 at 11:03 AM

    Ahha, cricket, it was RAJ!!

  15. Posted by 1,000,000 crickets | May 13, 2010 at 11:06 AM

    Hey – what’s going on here?

  16. Posted by Anonymous | May 13, 2010 at 11:07 AM

    @12 knows what’s going on

  17. Posted by guest | May 13, 2010 at 11:08 AM

    @8/ab I just finished reading that to my 7 y.o. last week. He told me, “I like Badger, he’s hard, but the weasels have the edge.” When it was over he said only this: “Fiction.”
    -not 5

  18. Posted by Anonymous | May 13, 2010 at 11:10 AM

    Imagine if the SEC porn guy could have 6 monitors at his disposal…

  19. Posted by Anonymous | May 13, 2010 at 11:13 AM

    @18 – man, think of the callouses . . .

  20. Posted by american bandersnatch | May 13, 2010 at 11:14 AM

    @17 – Good man.

  21. Posted by PermaGuest | May 13, 2010 at 11:16 AM

    @18 Actually, given the direction he’s looking, I’m guessing there are another two monitors out of the picture to the right. Begs the question– why does he need that many monitors? He’s the boss of the place– is he really putting in his own trades too?

  22. Posted by Anonymous | May 13, 2010 at 11:17 AM

    Are you guys trying to say he’s fat? I mean he’s drinking a watter bottle, he’s obviously watching his figure. What more do you people want?

  23. Posted by PermaGuest | May 13, 2010 at 11:20 AM

    @17/20 You know it was written as a political allegory, right? The Weasels invading Toad Hall = the Labour Party wrecking the British Empire.

    -Guy who knows random trivia

  24. Posted by the_dude | May 13, 2010 at 11:20 AM

    Amanda looks stunning today

  25. Posted by flaunt | May 13, 2010 at 11:22 AM

    Trini, Trini, Trini!

  26. Posted by american bandersnatch | May 13, 2010 at 11:23 AM

    I wouldn’t go so far as to call the brother fat. He’s got a weight
    problem. What’s the desi gonna do, he’s subcontinental.

  27. Posted by american bandersnatch | May 13, 2010 at 11:24 AM

    @23 – But what does Pan represent?

  28. Posted by Tony Rockahama | May 13, 2010 at 11:29 AM

    @26/AB – I too had a weight problem before my unfortunate, uh, “accident.”

  29. Posted by PermaGuest | May 13, 2010 at 11:35 AM

    @27 Ratty, Mole and Badger represent the traditional bedrock of England- the sailor, the middle class, the country gentry. Toad is the aristocracy/gentry being led astray by fads and innovation. If you follow that reasoning I guess Pan is the monarchy or maybe the Church of England or some kind of mystic spirit of “Englishness”

  30. Posted by american bandersnatch | May 13, 2010 at 11:37 AM

    @29 – Learned something new.

  31. Posted by Anonymous | May 13, 2010 at 11:39 AM

    those chins never get old

  32. Posted by Anonymous | May 13, 2010 at 11:43 AM

    @4 EXIS?

  33. Posted by FabulousFab | May 13, 2010 at 11:53 AM
  34. Posted by anonymous | May 13, 2010 at 11:54 AM

    They should go back and look at all the RBC 3pm earnings calls that “said” analyst made the day the co. reported.

  35. Posted by analyst | May 13, 2010 at 12:11 PM

    Can morbidly obese people play cricket?

  36. Posted by Anon | May 13, 2010 at 12:28 PM

    It’s german “Die Bart, Die”

  37. Posted by guest | May 13, 2010 at 12:33 PM

    so tungry right now.

  38. Posted by mrpink | May 13, 2010 at 12:39 PM

    he looks like Sherman Klump from the Nutty Professor.

  39. Posted by Anonymous | May 13, 2010 at 12:42 PM

    @2 No SFD?

  40. Posted by Anonymous | May 13, 2010 at 1:40 PM

    Why does that back office guy get six monitors?

  41. Posted by Anonymous | May 13, 2010 at 1:51 PM

    @25 the SEC has a similar chant: “Tranny! Tranny! Tranny!”

  42. Posted by Investorcluzo | May 13, 2010 at 2:04 PM

    @26 ab – who you calling a “brother?” I know a brother, and he’s no brother!

  43. Posted by american bandersnatch | May 13, 2010 at 2:40 PM

    Cluzo:
    I can’t see color. I’m either post racial or I have a rods and cones issue.
    AB

  44. Posted by ShortStory | May 13, 2010 at 3:15 PM

    next to all of those monitors he only looks like a welterweight

  45. Posted by Anonymous | May 13, 2010 at 4:38 PM

    @ 35 Shane Warne was pretty good at it as I recall——-

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