Back in December, things were not going so well for hedge fund manager Raj Rajaratnam. For starters, he had just reported to prison to serve an eleven year sentence for insider trading, where there would be no April Fool’s day midgets or employees to tase or extra mayo to eat. Then there was the matter of the “unique constellation of ailments ravaging his body,” and the kidney transplant he was said to need. Finally, and not that there’s anything wrong with this, but if you’re a person who thinks looks matter, he was quite fat. It would have been enough to send Raj into an understandable tailspin of sorrow and despair. And yet? It turns out the Galleon founder is not only doing great but looks good too. How good? While we have no photographic evidence, consider that an attorney not related to or paid by the guy, ostensibly speaking to Bloomberg about a story involving Raj declining to answer questions about a tax shelter case, could not help but steer the conversation to Big R’s new body.
Rajaratnam, convicted last year of directing the largest hedge fund insider-trading scheme in U.S. history, was interviewed yesterday for about an hour and 45 minutes at the Federal Medical Center Devens in Ayers, Massachusetts. The deposition stems from a case involving a tax shelter Rajaratnam had invested in. He isn’t a defendant in the lawsuit. He refused to answer any of the more than 100 questions he was asked, invoking his right against self-incrimination under the U.S. Constitution’s Fifth Amendment, said Howard Kleinhendler, an attorney representing the plaintiffs. “He looked good,” Kleinhendler, of Wachtel Masyr & Missry LLP in New York, said today in a phone interview, adding that Rajaratnam appeared to have lost weight since the last time he saw him, in 2007. Rajaratnam, 55, has said in court papers that he has health problems including diabetes and will probably need dialysis and a kidney transplant. “He was in good spirits,” Kleinhendler said.
I know you asked me about the case but you should see how many fucking sit-ups this guy can do! Jesus!
Rajaratnam Silent In Tax-Shelter Deposition, Lawyer Says [Bloomberg]