Write-Offs: 03.04.11

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$$$ "On Friday, prosecutors also gave a preview of their case against Raj Rajaratnam, saying the first two witnesses will be a Federal Bureau of Investigation agent and Anil Kumar, a former McKinsey consultant and a cooperating witness in the case. Prosecutors indicated that they planned to play recorded telephone conversations between Mr. Rajaratnam and Mr. Kumar, as well as conversations between Mr. Rajaratnam and his employees and with his younger brother, Rengan Rajaratnam." [WSJ]

$$$ Completely unimaginative UBS employee spends investor funds on "expensive cars, prostitutes and large gambling debts." [WSJ]

$$$ “Our industry has a terrible, terrible reputation,” Anthony Scaramucci said as he accepted an award from the Hedge Funds Care charity Thursday night in front of 1,200 of his closest friends and expressed why he believes hedge fund managers should donate to charities. “I don’t care how many PR firms we hire. I don’t care how many lobbyists we hire. The only way we’re going to be able to change that is through our philanthropy,” he told the industry audience, at the annual gala at Cipriani 42nd Street in Manhattan. [Reuters]

$$$ Charlie Sheen Radio Station, Tiger Blood Radio, By Sirus XM [HP]

$$$ Rick Santelli: 'Good' Jobs Report Has Dark Side [CNBC]

$$$Signs You're About To Get Fired [USNEWS]

$$$ DJ Mr. Chachi, who spins regularly at the night club Tenjune and has worked for Hedge Funds Care free for the past four years, turns down the volume. Honoree Anthony Scaramucci, managing partner of Skybridge Capital LLC, is clinking his glass to quiet the crowd. “This is bigger than my bar mitzvah back in 1978,” he says. [Bloomberg]

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