Rajaratnams Invested $25 Million in Fund Run by Defense Witness
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Galleon Group LLC co-founder Raj Rajaratnam’s family invested $15 million in a fund run by Richard Schutte weeks before he took the stand to defend Rajaratnam at a federal insider-trading trial.
That came on top of a $10 million investment that Rajaratnam himself made in September 2010 in the $35 million fund, Spottail Capital Advisers LLC, Schutte told a jury yesterday in Manhattan federal court.