Raj Rajaratnam Bio | Wiki
Raj Rajaratnam (Full Name: Rajakumaran Rajaratnam ) is a popular Sri Lankan-American retired hedge fund manager and founder of the Galleon Group, a New York-based hedge fund management firm. He is the author of his memoir, Uneven Justice: The Plot to Sink Galleon published in 2021 featuring the events surrounding his insider trading conviction and the prosecutorial overreach he issues led to it. On October 16, 2009, Raj was arrested by the FBI for insider trading, which also made the Galleon Group fold.
Raj stood trial in U.S. v. Rajaratnam (09 Cr. 01184) in the United States District Court for the Southern District of New York, and on May 11, 2011, became found guilty on all 14 counts of conspiracy and securities fraud. On October 13, 2011, Raj was sentenced to 11 years in prison and fined a criminal and civil penalty of more than $150 million combined. He was also incarcerated at Federal Medical Center, Devens in Ayer, Massachusetts, an administrative facility housing male offenders needing specialized or long-term medical or mental health care. Raj was released to home confinement in his Upper East Side Manhattan apartment, based on Sutton Place, in the summer of 2019.
He began his career as a lending officer at Chase Manhattan Bank where he focused on business loans to technology companies. Raj joined the investment banking boutique Needham & Co. as an analyst in 1985, where he also specialized in the consumer electronics industry. Later on, he rose through the ranks, working as the head of research in 1987 and the president in 1991, at the age of 34.
Raj Rajaratnam Age
Raj was born on June 15, 1957, in Colombo, Dominion of Ceylon. He is 66 years old. Raj celebrates his birthday on June 15, every year.
Raj Rajaratnam Height
He is a man of average stature. Raj stands at a height of 5 ft 7 in ( Approx. 1.7m ).
Raj Rajaratnam Family
He is an ethnic Sri Lankan Tamil born in Colombo in what was then the Dominion of Ceylon (present-day Sri Lanka). Raj’s rich father, J. M. Rajaratnam, worked as the head of the Singer Sewing Machine Co. in South Asia. His mother is Rajeswari Muttucumaru. His family moved to England in 1971, concerned that the post-independence Sri Lankan ethnic violence against the Tamils would get more deadly. He has a brother named Rengan Rajaratnam who works as the founder of hedge fund Sedna Capital. He also has two sisters Shanthini and Vathani. Raj’s father died on June 16, 2014, in New Jersey aged 86.
Raj Rajaratnam Brother
Raj has a brother Rengan Rajaratnam who is the founder of hedge fund Sedna Capital. Rengan was arrested for securities fraud in March 2013. Rengan’s trial in New York City started in June 2014. However, he was found not guilty by the jury in July 2014.
Wife Raj Rajaratnam | Wife | Spouse
Raj is married to his wife Asha Pabla who has been serving in the textile and fashion industry for over three decades. The couple also established a family foundation as their wealth increased. Raj and Asha Pabla have three children. In October 2011, Asha Pabla left Manhattan federal court after Raj’s sentencing on October 13, 2011, in New York City.
Raj Rajaratnam Daughter | Daughter Lawyer
Raj has three kids. Presently Raj has not disclosed any details regarding his daughter to the public.
Raj Rajaratnam Son
He has three kids including a son. In 2014, Raj allegedly used an improperly notarized document in an effort to obtain a visa for his son. However, the identity of Raj’s son has been withheld from the public domain.
Raj Rajaratnam Education
He went to S. Thomas’ Preparatory School, Kollupitiya prior to his family’s migration to England. He also went to Dulwich College in London and afterward studied engineering at the University of Sussex, in 1983 earned an M.B.A. from the Wharton School of the University of Pennsylvania.
Insider Trading Raj Rajaratnam
On Friday, October 16, 2009, he was arrested by the FBI for insider trading in the stock of many publicly traded companies. U.S. Attorney Preet Bharara put the total profits in the scheme at more than $60 million, telling a news conference that it was the largest hedge fund insider trading case in United States history. Jim Walden, an attorney for Raj, said his client is not guilty and would fight the insider trading charges.
On May 11, 2011, became found guilty on all 14 counts of conspiracy and securities fraud. On October 13, 2011, and was sentenced to 11 years in prison and fined a criminal and civil penalty of more than $150 million combined. He was released to home confinement in his Upper East Side Manhattan apartment, based on Sutton Place, in the summer of 2019.
Raj Rajaratnam American Greed | Documentary
In 2012, “American Greed” had a whole new season of scams and schemes. Raj is of the biggest cases of insider trading in history. He had it all…a wildly successful hedge fund, billions in the bank, and the respect of Wall Street. But behind closed doors, Raj was gaming the system to the tune of $75 million dollars!
Raj Rajaratnam Prison
On May 11, 2011, Raj was found guilty on all 14 counts of conspiracy and securities fraud. On October 13, 2011, he was sentenced to 11 years in prison by Judge Richard Holwell. To now, this was also the longest prison sentence ever handed out for insider trading. The thirteen other defendants related to Raj’s case got prison sentences averaging around three years each.
Raj Rajaratnam Family Office
In the spartan offices of Raj’s small private investment firm, he was searching for his next big trade. All was quiet inside the townhouse in Manhattan – 320 kilometers and a world away from the federal prison where he served 7½ years for insider trading.
Raj Rajaratnam Book
In 2021, Raj released his memoir Uneven Justice: The Plot to Sink Galleon. This book was first published in December 2021 by Post Hill. He served seven and half years in prison an 11-year sentence following being convicted for insider trading and was released in the summer of 2019. In 2021, he published this book detailing the events surrounding his insider trading conviction and the prosecutorial overreach he claims led to it. This memoir tries to shine a light on the US criminal justice system of which Raj is critical and knew little until the FBI knocked on his door with guns and placed him under arrest.
Raj Rajaratnam Lawyer
His seasoned defense lawyer John Dowd is one more big assignment in a long career of high-profile cases. John, perhaps well known for investigating bets on baseball by Cincinnati Reds great Pete Rose, has over the years represented people from U.S. Senator John McCain to an executive who did a key role in the Enron Corp scandal. John took the case 10 days after the arrest of Raj, whose Galleon Group managed $7 billion at its start.
Raj Rajaratnam Clorox
He is now based out of the United States and serves at The Clorox Company as vice president.
Raj Rajaratnam Danielle Chiesi
In 2009, he and Danielle Chiesi were charged with securities fraud and conspiracy in an extensive insider trading ring. Lawyers for Raj and Danielle said they needed more time to prepare for the criminal trial. The two were also led into a Manhattan court in handcuffs by agents from the Federal Bureau of Investigation in what was the start of one of the largest insider trading cases in Wall Street history. Danielle had pleaded guilty to passing along inside details to many billion-dollar hedge funds, saying she got a sexual thrill from trading.
Raj Rajaratnam House
He resides in his $17.5 million Sutton Place apartment. In September 2019, he was spotted leaving a $17.5M pad after prison release.
Raj Rajaratnam Film
His film Billion Dollar Raja is an investigative financial mafia drama inspired by the true story of Raj his network of Wall Street honchos, big corporate insiders, workers, as well as also a prosecution team determined to punish those involved in the most complex insider trading case in history via secret wire-tap recordings.
Raj Rajaratnam Hedge Fund
Raj began a hedge fund—the Needham Emerging Growth Partnership—in March 1992, which he afterward purchased and renamed Galleon Group. Raj’s hedge fund was valued at $3.7 billion in 2009, down from a peak of $7 billion in 2008. As per a 2009 investor letter his $1.2 billion Diversified Fund had a net annualized return of 22.3 percent. He also became featured among the elite US money managers in a book titled The New Investment Superstars. Formerly, Raj primarily invested in technology and healthcare companies.
Following his arrest, Galleon received requests from its investors for the withdrawal of $1.3 billion, which made the fund to close. In a letter dated October 21, 2009, he informed his workers and investors that he intended to wind down all the funds of the Galleon Group. Investors got the full balance of their initial investments, and profits, in January 2010.
Raj Rajaratnam Latest News
He served seven and half years in prison an 11-year sentence and became released in the summer of 2019. In 2021, Raj published his memoir Uneven Justice: The Plot to Sink Galleon.
Raj Rajaratnam Sri Lanka
He is an ethnic Sri Lankan Tamil born in Colombo in what was previously the Dominion of Ceylon (present-day Sri Lanka). Raj helped Sri Lankans recover after the 2004 tsunami. Raj was in Sri Lanka when the 2004 Asian Tsunami hit and gave out $5,000,000 to for the construction of 400 new homes for the island’s many ethnic groups – Sinhalese and Tamils. He remembered his visits to the mine-impacted areas of Sri Lanka and underscored the humanitarian toll that mines have taken.
Raj Rajaratnam Podcast
He became featured in the Prison Life Podcast – Crime, Punishment, and Family. In this podcast, Anita Raghavan talks about the sensational collapse of the Galleon Group hedge fund from criminal charges of insider trading. Anita’s book, The Billionaire’s Apprentice, specializes in Galleon’s founder, Raj who became one of the most famous and successful investors on Wall Street until his arrest in 2009 for insider trading crimes, as well as his apprentice and companion in crime, Rajat Gupta, the retired head of McKinsey and Company.
Raj Rajaratnam Net Worth | Current Net Worth | Net Worth Today | Net Worth 2021
Raj gets his wealth from his work as a retired hedge fund manager and founder of the Galleon Group who is the author of his memoir, Uneven Justice: The Plot to Sink Galleon. Therefore, Raj has accumulated a decent fortune over the years. Raj’s net worth is $1.3 billion.
How Old Is Raj Rajaratnam
Raj is 66 years old. He was born on June 15, 1957, in Colombo, Dominion of Ceylon. Raj celebrates his birthday on June 15, every year.
How Tall Is Raj Rajaratnam
Raj is a man of average stature who stands at a height of 5 ft 7 in ( Approx. 1.7m ).
Who Is Raj Rajaratnam
He works as an American investor who became convicted in 2011 of securities fraud and conspiracy in one of the largest prosecutions of insider trading in U.S. history. He was the first such case to rely on proof obtained from wiretaps. Raj was also a retired hedge fund manager and founder of the Galleon Group, a New York-based hedge fund management firm.
Raj Rajaratnam Social Media Account
Twitter – @UnevenJustice