It looks like Raj Rajaratnam’s trial is set to be “the biggest hedge fund insider trading trial in US history,” which begins today. The man has been accused of stock trading with the use of “private information” from friends rendering him millions of dollars in profit.
Where Will Rajaratnam Be?
It currently remains uncertain whether or not Rajaratnam will be taking the stand himself in his defense, but around five witnesses will be called by his defense attorneys.
Guilty Rajaratnam?
If you want to decide for yourself whether or not Rajaratnam is guilty, you can listen to the wiretapped conversation that took place between him and employee friend David Lau. Whatever the case ultimately proves or disproves, it is set to make for very interesting documentation in hedge fund history.
