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A scapegoat goes down

By: orda in ALEA | Recommend this post (0)
Wed, 11 May 11 7:25 PM | 66 view(s)
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"The tapes show he didn't believe the rules applied to him," the prosecutor added. "Cheating became part of his business model."

The wiretaps appeared to play prominently in the jurors' deliberations: They asked to return to the courtroom countless times so they could listen to them again.

The defense argued that the tapes revealed nothing more than that Rajaratnam was doing his duty by asking questions about information already circulating in the "real world" of high finance.

"That happens every day on Wall Street," he said. "There's nothing wrong with it."

http://www.npr.org/2011/05/11/136204972/hedge-fund-boss-found-guilty-on-all-counts?ft=1&;f=1001




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