What's At Stake In The Rajaratnam Appeal

Law360, New York (October 10, 2012, 2:21 PM EDT) -- Later this month, oral argument will be heard in the criminal appeal of Raj Rajaratnam, a prominent hedge fund manager and the founder of Galleon Group LLC. Last year, following a high-profile trial, he was convicted on 14 counts related to insider trading, sentenced to 13 years in prison and ordered to pay millions of dollars in fines and forfeiture.

Rajaratnam’s conviction was a watershed in white collar criminal prosecutions because of the government’s unprecedented reliance on wiretap evidence, typically used to combat violent crime and...
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