Rajaratnam gave me an extensive interview where he talked about his book, his life now and reflections on the case that forever changed his life. He did not seem bitter, in fact, he seemed at peace with his life now.
Continue reading on Forbes...Prosecutors are among the most powerful players in the criminal justice system. They can send a defendant off to years in prison, or even to death row. Most wield this power honorably. Yet, when prosecutors don’t, they rarely pay a price, even for repeated and egregious misconduct that puts innocent people behind bars.Why? Because they are protected by layers of silence and secrecy that are written into local, state and federal policy, shielding them from any real accountability for wrongdoing.
Continue reading on New York Times...When three men convicted of murders they did not commit were exonerated in March, a group of law professors saw an opportunity to shed light on the kind of prosecutorial misconduct that had put the men in prison for decades.
Continue reading on New York Times...Years ago, and while at a dinner in New York City, the subject of “insider trading” came up. A woman who had formerly worked in Royal Dutch Shell’s headquarters had an interesting anecdote to convey about trading on material non-public information (MNPI). She’d worked in accounting for Shell, and as such was privy to its quarterly earnings before investors were.Her story was that she, along with several other employees, would make small inter-office wagers every quarter on what the stock-market’s reaction would be to the numbers. The guesses were all over the place, and usually wrong.About this story, it will be said up front that the markets and economy would be much more vibrant if they got rid of undefinable “insider trading” laws altogether. The more informed the markets are, the much better. What a backwards, confused world we live in that something so additive to market and economic health is so demonized.
Continue reading on Forbes...Raj Rajaratnam, the Sri Lankan-American former Hedge Fund Manager who was convicted in the US of conspiracy and securities fraud on charges of insider trading, has released his own book which he says gives the inside story of what he describes as “unchecked prosecution”. Titled ‘Uneven Justice – The plot to sink Galleon,’ the book is number three on Amazon’s hot new releases in Criminal Law and is available for pre-order. All proceeds from the sale of the book will be directed to charity, said Rajaratnam.
Continue reading on Daily FT...Years ago, and while at a dinner in New York City, the subject of “insider trading” came up. A woman who had formerly worked in Royal Dutch Shell’s headquarters had an interesting anecdote to convey about trading on material non-public information (MNPI). She’d worked in accounting for Shell, and as such was privy to its quarterly earnings before investors were. Her story was that she, along with several other employees, would make small inter-office wagers every quarter on what the stock-market’s reaction would be to the numbers. The guesses were all over the place, and usually wrong.
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