Former Hedge Fund Trader Undergoes Surgery as Jury Deliberates

Monday, May 02, 2011

Billionaire Galleon Group hedge fund head Raj Rajaratnam Billionaire Galleon Group hedge fund head Raj Rajaratnam (Spencer Platt/Getty)

The jury has entered its sixth day of deliberations while the hedge fund trader on trial, Raj Rajaratnam, goes into emergency surgery for a bacterial infection in his foot.

The Sri Lanka-born Rajaratnam is accused of making more than $68 billion through illegally traded insider information. 

A website created by Rajaratnam's defense notes that Rajaratnam has waived his rights to be present and that a judge has approved his leave.

Rajaratnam has pleaded not guilty. 

Prosecutors have relied on hours of wiretaps they say prove the hedge fund trader illegally traded insider tips.

With the Associated Press


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