Hedge fund billionaire Raj Rajaratnam is America’s financial criminal du jour | US federal prosecutors had hours and hours of secretly recorded phone calls, with Rajaratnam saying things like, ‘Hey, let’s do some insider trading!’

‘Hedge fund owner Raj Rajaratnam was convicted this morning on 14 counts of insider trading, on account of the hours and hours of secretly recorded phone conversations federal prosecutors had of him saying stuff like, “Hey, let’s do some insider trading!”‘ (Gawker)

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