WSJ – The government has identified the brother of one-time billionaire hedge fund founder Raj Rajaratnam as a co-conspirator in what authorities have called the biggest hedge fund insider trading case in history, a person familiar with the probe said Wednesday.
The person told The Associated Press that Ragakanthan Rajaratnam is the person identified in court papers filed last week only as “CC-1.” That means co-conspirator No. 1.
The person spoke on condition of anonymity because the younger brother of the hedge fund founder is not identified publicly by the government. The comments came after The Wall Street Journal first reported the development.
