Feds Pull No Punches In Close Of Rajaratnam Trial

Law360, New York (April 20, 2011, 3:29 PM EDT) -- The U.S. government launched a two-pronged attack during closing arguments Wednesday in the New York insider trading trial of Raj Rajaratnam, painting a detailed portrait of alleged conspiracies and taking swipes at the defense.

Assistant U.S. Attorney Reed Brodsky outlined several tip-swapping rings the Galleon Group LLC founder is alleged to have led — including with company insiders at Intel Corp., Advanced Micro Devices Inc. and Goldman Sachs Group Inc., and with his own employees and former New Castle Partners LLC analyst Danielle Chiesi.

The prosecutor...
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