Streams

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

Tags:

More in:

News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.

Sponsored

Latest Newscast

 

 

Support

WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public

Feeds

Supported by