Raj Rajaratnam, the previous hedge fund founder who was slapped with a document 11-year jail sentence in 2011 for insider buying and selling, is releasing a tell-all book about his epic fall from grace.
The book, “Uneven Justice: The Plot to Sink Galleon,” will recount Rajaratnam’s rise to Wall Street prominence because the founder of Galleon Group, which at one time managed $7 billion in property and employed about 180.
In the book, Rajaratnam will even provide his perspective on the four-year investigation by federal prosecutor Preet Bharara into Rajaratnam’s epic spree of crooked stock picks that landed him at the least $53.8 million in ill-gotten positive factors.
The book consists of some inside gossip about alleged misdeeds of former Goldman Sachs board member and fellow ex-con Rajat Gupta, in line with a supply conversant in the book.
It will even function the story of one other ex-con tied to the insider buying and selling scandal Danielle Chiesi, a former Bear Stearns hedge fund dealer who allegedly flirted with company executives to get inside data, the supply added.
Rajaratnam, a Sri Lankan native, will even talk about a few of his particular unlawful stock trades, together with in shares of Goldman Sachs, Akamai and AMD, the supply mentioned.
The book will even make the case that Rajaratnam was the sufferer of overreach and a fall man for an trade that was seeking to transfer previous the 2008 disaster, in line with an commercial posted by the book’s distributor Simon & Schuster. The book is revealed by Post Hill Press.
The post says that Rajaratnam’s case “illustrates the horrific perils of unchecked prosecutorial overreach, written by the man who experienced it firsthand.”
Rajaratnam, the put up provides, “chose to go to trial rather than concede to a false narrative concocted by ambitious prosecutors looking for a scapegoat for the 2008 financial crisis.”
“Meanwhile, not a single senior bank executive responsible for the financial crisis was even charged.”
Rajaratnam was convicted on 14 counts of conspiracy and securities fraud. He served greater than 7 years in jail on a sentence of 11, the longest punishment for insider buying and selling ever ordered on the time of his sentencing.
Prosecutor Reed Brodsky mentioned Rajaratnam, who made a fortune by amassing a community of sources who leaked him company secrets and techniques, was “arguably the most egregious inside trader” ever convicted.
He was busted by means of the first-ever use of telephone wiretaps in an insider-trading case.