US Puts Rajaratnam At Center Of 'Corrupt Network'

Law360, New York (March 9, 2011, 7:55 PM EST) -- The federal government painted Raj Rajaratnam as the focal point of a "corrupt network" of stock tipsters in an opening statement Wednesday, kicking off a closely watched trial over alleged insider trading by the Galleon Group LLC founder.

Assistant U.S. Attorney Jonathan Streeter delivered the statement to jurors in the U.S. District Court for the Southern District of New York, saying the fund chief relied on a variety of sources for sensitive information, including a former McKinsey & Co. Inc. consultant, a former Goldman Sachs Group...
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