• 21 Mar 2013 at 4:35 PM

Raj Rajaratman’s Little Brother Charged With Insider Trading

By

Just in the nick of time.

The younger brother of former hedge-fund titan Raj Rajaratnam was indicted by a grand jury for alleged insider trading, federal prosecutors and the Federal Bureau of Investigation announced Thursday.

U.S. officials had a faced an approaching deadline to file charges against Rajarengan Rajaratnam, who goes by Rengan, near the five-year anniversary of certain alleged illegal trading he was involved in along with his brother. Rengan Rajaratnam, 42 years old, has been living in Brazil. It wasn’t immediately clear if he would agree to return to the U.S. to face the charges, or if he would face extradition proceedings.

Galleon Group Founder’s Kid Brother Charged With Insider Trading [WSJ]
Clock Ticks for a Rajaratnam Probe [WSJ]
Prosecutors Weigh Insider Trading Case Against Brother of Rajaratnam [DealBook]

Comments (6)

  1. 1
    Posted by Fire Jon Shazar | March 21, 2013 at 4:37 PM

    I expect so little from a Shazar post, and boy do I get it.

  2. 2
    Posted by Bailey | March 21, 2013 at 5:39 PM

    "Living here on the beach."

    -Mister Young

  3. 3
    Posted by Guest | March 21, 2013 at 5:58 PM

    6 words. This could be the new record short Shazar post.

  4. 4
    Posted by double std | March 21, 2013 at 6:34 PM

    the glee in this article is sickening; i'm sure mr steve cohen deserves special treatment with the "so not painful relative to net worth" settlement

  5. 5
    Posted by Yaniv Vaknin | March 22, 2013 at 1:43 AM

    Why do you f'n losers click on shazar's posts and post your loathings to him ( projecting self loathing?)…what is the point?

  6. 6
    Posted by UBS MD | March 22, 2013 at 6:28 AM

    Good post.