AP – Federal prosecutors told a jury on Wednesday that exhaustive wiretap evidence proves a Wall Street heavyweight routinely used a cadre of “corporate spies” to get rich off inside trades, while the defense insisted he was merely one of the market’s savviest investors.
When the Manhattan jury listened to FBI recordings of Raj Rajaratnam, “You heard the defendant commit his crimes time and time again in his own words,” Assistant U.S. Attorney Reed Brodsky said in closing arguments at the biggest insider trading trial in history.
