Don't charge my buddy, says Lankan hedge funder

Fri, 04 March 2011

12:48

Breaking news: Raj Rajaratnamreportedly begged the SEC not to charge Raj Guptawith insider trading.

On February 28th, days before theSEC announced their charges against the former Goldman board member, Raj apparently filed a claim requesting the SEC to wait until after his case was finished.

Raj allegedly believed that the charges against Gupta would result in negative press (it did) and would significantly damage his defense (there's strong evidence to suggest he's right).

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