Devastating wiretap evidence and the testimony of cooperating witnesses led a Southern District jury yesterday to convict Raj Rajaratnam on all counts in the Galleon Group hedge fund insider trading scandal.
A two-month trial and marathon deliberations climaxed with Mr. Rajaratnam being found guilty of five conspiracies and nine substantive counts of securities fraud for trading on, and passing along, material non-public information about more than a dozen companies.
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