Regan Rajaratnam Pleads Not Guilty

//Regan Rajaratnam Pleads Not Guilty

Regan Rajaratnam Pleads Not Guilty

Jailed hedge fund hot shot Raj Rajaratnam’s  younger brother Regan pleads not guilty in hedge fund insider trading charges.

regan-rajaratnamThe younger brother of convicted hedge fund honcho Raj Rajaratnam flew to New York from Brazil last weekend to tell a Manhattan federal judge that insider trading doesn’t run in the family.

“Not guilty, your honor,” Rengan Rajaratnam, 42, told Judge Naomi Buchwald yesterday afternoon, after spending nearly two days in jail and several hours on a red-eye flight back to the states.
Rengan was escorted from Brazil by FBI agents — who promptly arrested him as they arrived at JFK.
Rengan, who stands accused of earning $1.2 million on illegal tips, was working in Brazil when an indictment was handed up last week.

2013-03-27T11:40:53+00:00

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