BBC – With the start of his trial in Manhattan, Mr Rajaratnam finds himself cast, by prosecutors at least, as the latest poster boy for Wall Street skulduggery.
When they announced his arrest in October 2009, prosecution lawyers described the case against Rajaratnam as the biggest case yet of hedge fund insider trading. His prosecution, they said, should serve as a “wake up call” to Wall Street. Mr Rajaratnam could, if convicted on the most serious securities fraud charges against him, face a 20-year jail sentence.
