Hedge fund founder's brother charged with securities fraud

Rengan Rajaratnam, brother of jailed hedge fund founder Raj Rajaratnam, has been indicted on charges of securities fraud and conspiracy to commit securities fraud. "As alleged, Rengan Rajaratnam and his brother shared more than DNA, they also shared a penchant for insider trading," U.S. Attorney Preet Bharara said. "Along with his brother Raj, Rengan Rajaratnam was allegedly at the heart of an insider-trading scheme that swept up an unprecedented number of people in its web of corruption, and with his indictment, we are one step closer to closing that chapter."

View Full Article in:

Reuters · New York Times (tiered subscription model), The · Wall Street Journal, The

Published in Brief: