Raj Rajaratnam’s younger brother charged with insider trading

Prosecutors say Rajarengan Rajaratnam conspired in a scheme while working at Galleon

It seems like insider trading is the Rajaratnam family business.

A federal grand jury has indicted Rajarengan (“Rengan”) Rajaratnam—the 42-year-old younger brother of Galleon Group founder Rajat Rajaratnam, who is currently serving 11 years in prison for insider trading—on charges that he conspired in an insider-trading scheme while he worked as a hedge fund manager at Galleon Group.

Ashley Post

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