Raj Rajaratnam Defends the Actions That Sent Him to Prison
- The Galleon Group co-founder had previously managed $7 billion
- He said he’s now betting on tech stocks and cryptocurrencies
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Raj Rajaratnam, the mastermind of what prosecutors called one of the largest hedge fund insider-trading rings in U.S. history, maintained his innocence, criticized the rules that convicted him and said he’s back trading stocks.
“The insider-trading laws are murky,” Rajaratnam said Friday in an interview with Bloomberg Television, adding that all the trades questioned at his trial were based on his analysts’ written analysis.