Prosecutors Defend Rajaratnam Wiretaps To 2nd. Circ.

Law360, New York (April 25, 2012, 8:44 PM EDT) -- Federal prosecutors on Wednesday defended the use of wiretaps to secure an insider trading conviction against hedge fund founder Raj Rajaratnam, countering the defense's arguments on appeal that the government had lied to get its warrant.

Rajaratnam, the Galleon Group LLC head who was sentenced to 11 years in prison for trading on insider tips, has asked the Second Circuit to overturn his conviction, saying the government was only able to secure a wiretap warrant by lying to a judge about the difficulty of conducting a...
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