Prosecutors may face difficulties in prosecuting alleged inside trader Rengan Rajaratnam

Rengan’s older brother Raj Rajaratnam is serving 11 years in prison for masterminding the alleged scheme

Infamous insider trader Raj Rajaratnam may have been convicted of conspiracy and securities fraud in 2011, but as the case of his younger brother Rajarengan (“Rengan”) Rajaratnam prepares to go to trial, prosecutors may face new difficulties in bringing harsh penalties against this alleged insider trader.

Rengan stands accused of trading on confidential information from wireless broadband company Clearwire Corp. and chip maker Advanced Micro Devices Inc. Allegedly Galleon Group, a hedge fund founded by the elder Rajaratnam brother, used the information to make $800,000 in profits.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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