Fox Business - The Power to Prosper
Search Site

Preet Bharara

Rajaratnam's brother loses bid to dismiss insider trading charges

Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Friday lost a bid to dismiss some of the insider trading charges leveled against him last year.U.S. District Judge Naomi Reice Buchwald in Manhattan ruled that the indictment adequately alleged the essential elements of the crimes charged.Buchwald agreed that four securities fraud counts were "internally inconsistent" with a conspiracy charge contained in the indictment.But she withheld ruling on whether to dismiss them in order to allow the government to decide whether to proceed on those charges.A lawyer for Rajaratnam did not respond to a request for comment. A spokeswoman for Manhattan U.S. Attorney Preet Bharara declined to comment.The case, set for a June 17 trial, is one of a wave of insider trading prosecutions pursued by Bharara's office, resulting in 80 convictions since October 2009.Raj Rajaratnam, founder of the hedge fund Galleon Group, received an 11-year prison sentence in October ...

Read More

  1. Ex-Madoff Aides Found Guilty of Fraud

    A federal jury in New York on Monday found five former employees of Bernard Madoff guilty of helping the jailed scammer pull off one of the longest and largest inves...

  2. Report: Bitcoin Foundation Helping Probe of Mt. Gox

    The Bitcoin Foundation, an organization devoted to protecting and promoting the digital currency, reportedly provided information this week that aided an investigati...

  3. Report: Prosecutors Look into Bitcoin Business

    Manhattan U.S. Attorney Preet Bharara has sent subpoenas to Mt. Gox, other bitcoin exchanges, and businesses that deal in bitcoin to seek information on how they han...

  4. Preet Bharara eyeing Eric Holder’s job?

    Charlie Gasparino on Preet Bharara ’s high-level ambitions and the tension between him and current attorney general Eric Holder.

  5. Gasparino, Nowicki give insight on Martoma guilty verdict

    FBN's Charlie Gasparino and former SEC lawyer Elizabeth Nowicki on the Mathew Martoma guilty verdict.

  6. Martoma Convicted in Insider-Trading Case

    A jury on Thursday convicted former SAC Capital Advisors trader Mathew Martoma of insider trading, providing another win for prosecutors in their long-running legal ...

  7. Former CEO of Bitcoin-exchange BitInstant arrested

    Attorney Richard Roth, The Wall Street Journal’s James Freeman and Bankrate.com financial analyst Greg McBride on the future of Bitcoin.

  8. Bitcoin Exchangers Linked to Silk Road Charged

    Federal prosecutors unsealed criminal charges on Monday against a pair of individuals who they say sold Bitcoins that were later used to buy and sell drugs on Silk R...

  9. CEO Of Winklevoss-backed Bitcoin Company Arrested

    The Justice Department said Monday it arrested Charlie Shrem, chief executive officer of the bitcoin company BitInstant, and has charged him with conspiring to commi...

  10. Bitcoin Forfeiture From Silk Road Is a Record

    The U.S. government on Thursday said it officially took control about 29,655 bitcoins, worth approximately $28 million as of the announcement, from the 2013 seizure ...

  11. JPM Hit With $2B Madoff Penalty

    Five years after Bernie Madoff admitted to masterminding the worst Ponzi scheme on record, JPMorgan Chase (NYSE:JPM) agreed to pay more than $2 billion on Tuesday to...

  12. J.P. Morgan To Settle Madoff Charges For $2 Bln

    J.P. Morgan Chase & Co. will settle for more than $2 billion on criminal and civil charges related to Bernie Madoff's Ponzi scheme, government authorities announced ...

  1. Gaspasrino: Lewis book scuttles Virtu IPO

    FBN’s Charlie Gasparino, and FNC contributors Jonas Max Ferris and Jonathan Hoenig on Virtu’s IPO and the market.

  2. Ex-Evercore Director Guilty Of Insider Trading

    An Evercore Group, LLC former senior managing director has pleaded guilty to insider trading and making false statements, said Preet Bharara, the United States Attor...

  3. Gasparino: DOJ uncertain if it can bring charges in HFT probe

    FBN’s Charlie Gasparino on the latest on the DOJ’s probe of high frequency trading.

  4. Gasparino: Preet Bharara looking at high frequency trading

    FBN’s Charlie Gasparino on the Manhattan U.S. Attorney’s Office looking into market manipulation involving high frequency trading, and breaking news on Dan Loeb.

  5. Bharara Warns Significant Firm May Get Felony Charge

    Speaking before an audience of Wall Street compliance and legal officials, U.S. Attorney for the Southern District of New York Preet Bharara warned that a significan...

  6. Ex-Goldman director Gupta's insider trading conviction upheld

    A federal appeals court upheld the conviction of former Goldman Sachs Group Inc director Rajat Gupta, one of the biggest successes in federal prosecutors' long-runni...

  7. Five Former Madoff Employees Convicted Of Fraud

    Five former employees of Bernie Madoff have been found guilty of securities fraud and conspiracy in Madoff's massive Ponzi scheme. The jury brought back a guilty ver...

‹ Prev12345Next ›
Freebase CC-BY
Source: Preet Bharara on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL