{"id":21417,"date":"2011-03-23T09:14:05","date_gmt":"2011-03-23T13:14:05","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=21417"},"modified":"2011-03-23T09:14:46","modified_gmt":"2011-03-23T13:14:46","slug":"roundup-rajaratnams-hedge-fund-trial-updates","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2011\/roundup-rajaratnams-hedge-fund-trial-updates.html","title":{"rendered":"Roundup: Rajaratnam&#8217;s Hedge Fund Trial Updates"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/rajaratnam.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-21419\" title=\"rajaratnam\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/rajaratnam-300x228.jpg\" alt=\"\" width=\"300\" height=\"228\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/rajaratnam-300x228.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/rajaratnam.jpg 420w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.net) &#8211; As the Sri Lankan born-American hedge fund manager charged with 14 counts of conspiracy and securities fraud awaits trial, speculation is mounting about who will be testifying against him.<\/p>\n<p><a href=\"http:\/\/www.marketwatch.com\/\" target=\"_blank\">MarketWatch<\/a> &#8211; U.S. federal prosecutors plan to call Lloyd Blankfein, the chief executive of Goldman Sachs Group Inc,, to testify in the insider-trading trial of Galleon Group hedge-fund manager Raj Rajaratnam.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2011-03-23\/galleon-jpmorgan-matrixx-bt-group-bank-leumi-apple-in-court-news.html\" target=\"_blank\">Bloomberg<\/a> &#8211; In calling Blankfein as a witness, prosecutors in the office of U.S. Attorney Preet Bharara in Manhattan said they don\u2019t want Blankfein to be questioned about \u201cwhether Goldman Sachs is presently the subject of any pending investigations by either the Department of Justice or the U.S. Securities and Exchange Commission\u201d or whether the bank bears any responsibility for the 2008 financial crisis.<\/p>\n<p><a href=\"http:\/\/www.bbc.co.uk\/news\/business-12827604\" target=\"_blank\">BBC<\/a> &#8211; So far more than two dozen people have been criminally or civilly charged in the case.\u00a019 have pleaded guilty<\/p>\n<p><a href=\"http:\/\/www.hindustantimes.com\/Gupta-quits-as-ISB-chairman\/Article1-675755.aspx\" target=\"_blank\">Hindustani Times<\/a> &#8211; Rajat Gupta, former chief executive of consulting major McKinsey and accused by the US Securities and Exchange Commission of conspiring with Galleon hedge fund executive Raj Rajaratnam in an insider trading scam, has resigned as the chairman of Indian School of Business (ISB), Hyderabad. \u201cGupta has requested the ISB executive board to relieve him of his board responsibilities till his pending matter with the US SEC is resolved,\u201d an ISB spokesperson said.<\/p>\n<p>Rajat Gupta\u00a0is also\u00a0suing the SEC, claiming an administrative action it filed for insider trading bars him from a\u00a0jury trial.<\/p>\n<p>Editing by Alex Akesson<br \/>\nFor <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; As the Sri Lankan born-American hedge fund manager charged with 14 counts of conspiracy and securities fraud awaits trial, speculation is mounting about who will be testifying against him. MarketWatch &#8211; U.S. federal prosecutors plan to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16005,3],"tags":[],"class_list":["post-21417","post","type-post","status-publish","format-standard","hentry","category-developing-stories","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=21417"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21417\/revisions"}],"predecessor-version":[{"id":21422,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21417\/revisions\/21422"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=21417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=21417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=21417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}