NEW YORK — Jurors could soon be hearing the government's case against a man who was one of the richest Americans before he was charged in what prosecutors say is history's biggest hedge fund insider trading case.
Opening statements could begin sometime Wednesday at the New York City trial of Raj Rajaratnam (rah-juh-RUHT'-nuhm).
On Tuesday, Judge Richard J. Holwell introduced Rajaratnam to prospective jurors.
The Galleon Group founder has pleaded not guilty to securities fraud and conspiracy to commit securities fraud.
Prosecutors allege he made more than $50 million illegally by teaming up with others in the industry to get secrets from employees of public companies.
The case has resulted in more than two dozen arrests and 19 guilty pleas, including many people who are cooperating with the government.
Opening statements could begin sometime Wednesday at the New York City trial of Raj Rajaratnam (rah-juh-RUHT'-nuhm).
On Tuesday, Judge Richard J. Holwell introduced Rajaratnam to prospective jurors.
The Galleon Group founder has pleaded not guilty to securities fraud and conspiracy to commit securities fraud.
Prosecutors allege he made more than $50 million illegally by teaming up with others in the industry to get secrets from employees of public companies.
The case has resulted in more than two dozen arrests and 19 guilty pleas, including many people who are cooperating with the government.
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