The insider trading scheme that led to the conviction of Raj Rajaratnam claimed another victim today. A New Jersey attorney was disbarred by New York officials for his role in the scandal. And as we heard in our newscast, a court denied requests by two of Rajaratnum’s associates that their own trials be delayed.
US attorney Preet Bharara won Rajaratnam’s conviction in part through wiretap evidence – the first time Federal prosecutors have use a tactic normally reserved for the Mafia.
Larry Tung spoke with Louise Story, who is a financial reporter for the New York Times.