Getting your player ready...
NEW YORK — Raj Rajaratnam reviewed dozens of analyst reports each week and was “amazingly educated” about stocks, research and investment strategies, the former president of Galleon Group testified Monday.
“He was the most prepared of any of us,” Rick Schutte said of Rajaratnam.
The testimony is designed to support Rajaratnam’s claim that his trades were based on Galleon research and not on inside information, as prosecutors allege. Rajaratnam, 53, is on trial in the largest crackdown on hedge-fund insider trading in U.S. history.
