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Prosecution and defense lawyers painted starkly different portraits of hedge fund manager Raj Rajaratnam at the start of the biggest Wall Street insider trading case in a generation.
canada goose outlet store calgary Rajaratnam, a Sri canada goose uk black friday Lankan born, one time billionaire, sat impassively and wrote occasional notes on a legal pad during more than two hours of opening statements in his high stakes trial in canada goose uk outlet Manhattan federal court. canada goose outlet store calgary
official canada goose outlet and corruption. This is a case about that man right there, Raj Rajaratnam, using stolen business information to make tens of millions of Canada Goose Jackets dollars, prosecutor Jonathan Streeter said, pointing at Rajaratnam and then slowly telling the jury how the government will show he cheated and tried to cover up the trail. official canada goose outlet
canada goose outlet in vancouver Defense lawyer John Dowd, mostly reading for 90 minutes from a prepared statement, offered a host of alternative reasons for Rajaratnam alleged illegal information gathering and trades. He said government has it wrong and insisted the cheap canada goose uk Galleon Group founder engaged in legal stock Canada Goose online research and analysis that made him successful. canada goose outlet in vancouver
canada goose outlet canada goose kensington parka uk Dowd attacked government allegations that former Goldman Sachs director Rajat Gupta tipped Rajaratnam about a $5 billion confidence boosting investment in Goldman by Warren Buffett Berkshire Hathaway at the height of the 2008 financial crisis and on the Wall Street bank earnings. canada goose kensington parka uk
information that Raj received from Gupta in October 2008 was immaterial as there was a month left in the quarter, a slide shown by Dowd read. Dowd was responding to the allegation that Rajaratnam was given a tip about Goldman canada goose clearance earnings.
The government accuses Rajaratnam, the central figure in a vast insider trading probe that Canada Goose Outlet shook canada goose coats on sale up hedge funds, of reaping $45 million in illegal profit between 2003 and March 2009. Justice Department has made insider trading probes into the secretive $1.9 trillion hedge fund industry a priority, with uk canada goose outlet Rajaratnam prosecution its signature case.
The defense team faces hundreds of secretly recorded phone calls in evidence and former friends or employees who will testify for the prosecution during the two month long trial.
buy canada goose uk THEIR SKINS Streeter said former Rajaratnam friends and business associates Anil Kumar, formerly of canadian goose jacket McKinsey Co and former Intel canada goose uk shop executive Rajiv Goel would testify that they gave the fund manager company secrets. Former Galleon employee Adam Smith, who has also pleaded buy canada goose jacket cheap guilty in the case, will testify. buy canada goose uk
canada goose outlet factory Dowd told jurors the witnesses canada goose store agreed to testify save their skins. canada goose outlet factory
canada goose outlet kokemuksia In the wood paneled courtroom, both lawyers stood at a Canada Goose Parka podium when it was their turn to address the jury. Document boxes and files were piled in one corner, under the defense table and next to the prosecutors desk. canada goose outlet kokemuksia
https://www.winterdownparkas.com Streeter said Rajaratnam obtained an illegal advantage over ordinary investors. exploited a corrupt network of people to obtain information about company secrets such as earnings and mergers, the prosecutor said.
canada goose outlet eu He Canada Goose Online said Rajaratnam tomorrow business news today. canada goose outlet eu
canada goose jacket outlet toronto Rajaratnam attended the trial with no one except his lawyers, unlike many defendants who have family or friends with buy canada goose jacket them. canada goose jacket outlet toronto
canada goose outlet store toronto Rajaratnam lawyers contend that the government has significantly broadened its definition of insider trading. canada goose outlet store toronto
THROWBACK TO THE
Not since the mid 1980s has a Wall Street insider trading case grabbed such wide public attention. Then, speculator Ivan Boesky, Drexel Burnham Lambert and its junk bond chief, Michael Milken, were prosecution targets.