{"id":21730,"date":"2011-04-07T07:58:42","date_gmt":"2011-04-07T11:58:42","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=21730"},"modified":"2011-04-07T08:02:34","modified_gmt":"2011-04-07T12:02:34","slug":"prosecution-rests-in-rajaratnam-hedge-fund-case","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2011\/prosecution-rests-in-rajaratnam-hedge-fund-case.html","title":{"rendered":"Prosecution Rests In Rajaratnam Hedge Fund Case"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/04\/rajaratnam.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-21741\" title=\"Lloyd Blankfein at the Raj Rajaratnam insider trading case in New York\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/04\/rajaratnam-300x248.jpg\" alt=\"\" width=\"300\" height=\"248\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/04\/rajaratnam-300x248.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/04\/rajaratnam.jpg 470w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.net) &#8211; The government has rested its case against hedge fund founder Raj Rajaratnam in Manhattan court yesterday, according to Bloomberg news.<\/p>\n<p>The defense asked the Judge asked to throw out the case. &#8220;At this time we move for a judgment of acquittal,\u2019&#8221; one of Rajaratnam\u2019s lawyers said, according to Bloomberg. &#8220;The government has failed to prove their case.\u2019\u2019 The defense attempted to show that their client traded on a \u201cmosaic\u2019\u2019 of publicly available information, not insider tips.&#8221; The news source said.<\/p>\n<p>If the Judge doesn&#8217;t dismiss the case, the defense is slated to present it&#8217;s case starting April 11. Rajaratnam may or may not testify, his plea remains a solid &#8220;not guilty.&#8221;<\/p>\n<p>Alex Akesson<br \/>\nEditor for <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; The government has rested its case against hedge fund founder Raj Rajaratnam in Manhattan court yesterday, according to Bloomberg news. The defense asked the Judge asked to throw out the case. &#8220;At this time we move [&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-21730","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\/21730","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=21730"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21730\/revisions"}],"predecessor-version":[{"id":21743,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21730\/revisions\/21743"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=21730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=21730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=21730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}