Quick Facts
- NAME: Raj Rajaratnam
- OCCUPATION: Business Leader, White Collar Criminal
- BIRTH DATE: June 15, 1957 (Age: 55)
- EDUCATION: University of Sussex, University of Pennsylvania, Wharton School
- PLACE OF BIRTH: Colombo, Sri Lanka
- ZODIAC SIGN: Gemini
Best Known For
Sri Lankan billionaire Raj Rajaratnam was arrested for insider trading in 2009 as part of the largest ever SEC case against a hedge fund.
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Play NowRaj Rajaratnam. (2013). The Biography Channel website. Retrieved 10:39, May 22, 2013, from http://www.biography.com/people/raj-rajaratnam-17175738.
Raj Rajaratnam. [Internet]. 2013. The Biography Channel website. Available from: http://www.biography.com/people/raj-rajaratnam-17175738 [Accessed 22 May 2013].
"Raj Rajaratnam." 2013. The Biography Channel website. May 22 2013, 10:39 http://www.biography.com/people/raj-rajaratnam-17175738.
"Raj Rajaratnam," The Biography Channel website, 2013, http://www.biography.com/people/raj-rajaratnam-17175738 [accessed May 22, 2013].
"Raj Rajaratnam," The Biography Channel website, http://www.biography.com/people/raj-rajaratnam-17175738 (accessed May 22, 2013).
Raj Rajaratnam [Internet]. The Biography Channel website; 2013 [cited 2013 May 22] Available from: http://www.biography.com/people/raj-rajaratnam-17175738.
Raj Rajaratnam, http://www.biography.com/people/raj-rajaratnam-17175738 (last visited May 22, 2013).
Raj Rajaratnam. The Biography Channel website. 2013. Available at: http://www.biography.com/people/raj-rajaratnam-17175738. Accessed May 22, 2013.
On October 16, 2009, police arrested Rajaratnam at his New York City home on charges of insider trading. Senior executives at companies including IBM, Intel, and McKinsey & Company were also arrested, charged with providing Rajaratnam with insider trading tips to the tune of millions of dollars. The SEC estimated the scheme's profits at more than $25 million. Rajaratnam pleaded not guilty,
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and was released on a $100 million bond.
Rajaratnam's arrest marked the end for Galleon. Investors immediately pulled their money from the troubled hedge fund, and it closed the same month. By the final days of Rajaratnam's seven-week trial in April 2011, 21 former Galleon employees had been arrested, and 11 pleaded guilty to charges brought against them. The case is the largest ever made against a hedge fund, creating a media firestorm in the wake of the 2008 financial crisis and growing scrutiny of Wall Street.
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White Collar Criminals
View groupDespite their high economic standing, these white collar criminals, arrested for a variety of crimes, proved not to be above the law. View Biography.com's White Collar Criminals group for more on Charles Ponzi, Raj Rajaratnam, Bernard Ebbers, Jeffrey Skilling, Kenneth Lay, Ivan Boesky, Bernard Madoff and many more.
White Collar Criminals 16 people in this group
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Famous Geminis 529 people in this group
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Famous People Born in 1957 60 people in this group

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