Wiretaps Prove To Be Deadly Weapon In Galleon Case

Law360, New York (May 11, 2011, 11:27 AM EDT) -- In successfully proving their insider trading case against Galleon Group LLC co-founder Raj Rajaratnam, prosecutors have also driven home another point: if your client is caught on tape, he's as good as guilty, experts say.

A New York jury convicted Rajaratnam on Wednesday on all counts in the biggest insider trading case in recent memory. Prosecutors said he made about $53.8 million and avoided an additional $9.9 million in losses by trading on tips from inside sources, including former friends at Intel Corp., McKinsey & Co....
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