Skip to main content

Raj Rajaratnam Not Leaving The Big House Anytime Soon

  • Author:
  • Updated:

On the one hand, it'd be hard to argue that the former hedge fund manager doesn't want to get out of the correctional facility he's been in since December 2011; on the other, let's not forget that prison is said to agree with him and that he not only is he in "good spirits," but looks better than ever.

Raj Rajaratnam’s conviction for insider trading was upheld by a federal appeals court in New York, which rejected a challenge to the use of government wiretaps in his trial. The U.S. Court of Appeals in Manhattan, in a decision filed today, affirmed the 2011 conviction of the co-founder of Galleon Group LLC for conspiracy and securities fraud.

So, more time in jail, yes, but also more time time to chisel those abs.

Raj Rajaratnam Insider Conviction Upheld by Appeals Court [Bloomberg]