SF Gate – Raj Rajaratnam, the Galleon Group LLC hedge fund manager sentenced to 11 years in prison for masterminding an insider-trading scheme, made inaccurate statements about the federal investigation in an interview published in Newsweek magazine, U.S. officials said.
“A number of his assertions are inaccurate,” said Ellen Davis, a spokeswoman for Manhattan U.S. Attorney Preet Bharara, whose office along with the FBI prosecuted a nationwide investigation of insider trading at hedge funds, technology companies, banks and consulting firms. More than 50 people have pleaded guilty or been convicted at trials following a multiyear probe by FBI agents across the country.
