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Raj Rajaratnam (Tamil: a(R)?a(R) 3/4 a(R)?a?? a(R)?a(R) 3/4 a(R)?a(R)?a(R)?a??a(R)?a(R)?a(R)(C)a(R)(R)a??; born June 15, 1957) is a Sri Lankan American former hedge fund manager and billionaire founder of the Galleon Group, a New York-based hedge fund management firm. On October 16, 2009, he was arrested by the FBI on allegations of insider trading, which also caused the Galleon Group to close. He stood trial in U.S. v Rajaratnam (09 Cr. 01184) in the United States District Court for the Southern District of New York, and on May 11, 2011 was found guilty on all 14 counts of conspiracy and securities fraud. On October 13, 2011, Rajaratnam was sentenced to 11 years in prison and fined a criminal and civil penalty of over $150 million combined.
As of January 14, 2013 Rajaratnam is incarcerated at Federal Medical Center, Devens in Ayer, Massachusetts, an administrative facility housing male offenders requiring specialized or long-term medical or mental health care. Rajaratnam's release date is July 4, 2021.


Rajaratnam is an ethnic Sri Lankan Tamil born in Colombo in the Dominion of Ceylon, present-day Sri Lanka. His father was the head of the Singer Sewing Machine Co. in South Asia. According to the newspaper The Island, he attended S. Thomas' College, Mount Lavinia, though other sources say he attended S. Thomas' Preparatory School, Kollupitiya. Rajaratnama??s family emigrated to England in 1971, "sensing that the [post-independence Sri Lankan ethnic] situation would get more violent". Rajaratnam attended Dulwich College in London and later studied engineering at the University of Sussex, and then earned an M.B.A. from the Wharton School of the University of Pennsylvania in 1983. He is married with three children and maintains residences in Connecticut, New York, Georgetown (DC) and Florida.
According to Forbes magazine, Rajaratnam is a self-made billionaire hedge fund manager. He was the 236th richest American in 2009, with an estimated net worth of $

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Raj Rajaratnam Latest News

Inside the legal team trying to protect Trump from Mueller’s ‘killers’

Dowd lost one of his most recent big cases when his client, hedge fund manager Raj Rajaratnam, was convicted in 2011 on insider trading charges in New York. Preet Bharara, the U.S. attorney prosecuting Rajaratnam, reflected on facing Dowd in that trial in ...
Posted: December 13, 2017, 6:23 pm

Trump legal duo seek to leverage long-standing ties to Mueller

During the insider trading trial of Raj Rajaratnam, Dowd cursed at and gave the middle finger multiple times to cameras outside the courthouse. He called the prosecutor a crybaby, and he sent an email to a Wall Street Journal reporter calling him a ...
Posted: December 14, 2017, 9:25 pm

Deutsche Bank Said to Have Been Subpoenaed by Mueller: DealBook Briefing

When he was the U.S. attorney general for the Southern District of New York, Preet Bharara tangled with the defense lawyer John Dowd once before, in the trial of the hedge fund manager Raj Rajaratnam over charges of insider trading. Now that Mr. Dowd is ...
Posted: December 5, 2017, 9:48 pm
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