{"id":36361,"date":"2013-06-25T08:11:29","date_gmt":"2013-06-25T12:11:29","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=36361"},"modified":"2013-06-25T08:11:29","modified_gmt":"2013-06-25T12:11:29","slug":"hedge-fund-billionaires-conviction-upheld-by-appeals-court","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2013\/hedge-fund-billionaires-conviction-upheld-by-appeals-court.html","title":{"rendered":"Hedge Fund Billionaire&#8217;s Conviction Upheld By Appeals Court"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/business-us-galleon-rajaratnam.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-21142\" alt=\"Raj Rajaratnam is seen during his trial in New York in this artist sketch\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/business-us-galleon-rajaratnam-300x206.jpg\" width=\"300\" height=\"206\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/business-us-galleon-rajaratnam-300x206.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/business-us-galleon-rajaratnam.jpg 470w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.Net) &#8211; A\u00a0panel of judges from the federal appeals court yesterday upheld the conviction against hedge fund founder Raj Rajaratnam.<\/p>\n<p>Rajaratnam was pleading\u00a0on the grounds that the wiretapping evidence was not acquired\u00a0legally\u00a0by the US government. His lawyers, in Febuary 2011, won an emergency order relieving him from turning over wiretap recordings because of legal hurdles in obtaining the 14,000 wiretap intercepts.<\/p>\n<p>&#8220;In applying for wiretap permission in March 2008, an FBI agent failed to tell a judge about prior lengthy probes of his client by securities regulators and the FBI.&#8221; John Dowd, Rajaratnam&#8217;s lawyer,\u00a0told the federal courts in 2010.<\/p>\n<p>The Sri Lankan-born American who founded the New York hedge fund Galleon Group, was found guilty on 14 counts of conspiracy and securities fraud in May 2011.\u00a0Rajaratnam is currently serving an 11-year prison sentence.<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<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>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; A\u00a0panel of judges from the federal appeals court yesterday upheld the conviction against hedge fund founder Raj Rajaratnam. Rajaratnam was pleading\u00a0on the grounds that the wiretapping evidence was not acquired\u00a0legally\u00a0by the US government. His lawyers, in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3],"tags":[],"class_list":["post-36361","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36361","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=36361"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36361\/revisions"}],"predecessor-version":[{"id":39216,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36361\/revisions\/39216"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=36361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=36361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=36361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}