Forbes – In October 2009, federal agents arrested hedge fund manager Raj Rajaratnam on charges of insider trading. The arrest sent shock waves through Wall Street and in 2011 a jury convicted the former billionaire, who is now serving an 11-year jail sentence.
Rajaratnam’s friend, Rajat Gupta, formerly a director of Goldman Sachs and a general corporate big shot, will go on trial in April on federal charges that he gave Rajaratnam valuable inside information on stocks.
