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Jury hears more tapes at NYC insider trading trial

WSJ – Jurors at the insider trading trial of a hedge fund manager listened on Monday to more wiretaps that prosecutors say show he was brazenly trading on secret information about pending technology industry deals to help make himself one of America’s wealthiest businessmen.

Prosecutors have made a slew of FBI-recorded phone calls by Raj Rajaratnam the centerpiece of what they call the largest hedge fund insider trading case in history. On a tape played Monday, Rajaratnam and disgraced Intel executive Rajiv Goel could be heard discussing a closed-door meeting in 2008 where the Intel board of directors agreed to invest $1 billion in a joint wireless venture by Sprint and Clearwire.

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