Regardless of verdict, Rajaratnam trial may change Wall Street

04/25/2011 | Google

No matter what the jury in the trial of billionaire former hedge fund executive Raj Rajaratnam decides, experts said the prosecution's playing of tape-recorded phone calls is likely to have consequences for the way business is conducted on Wall Street. Veteran white-collar defense attorney Ed Novak said that the wiretaps should "scare the hell out of anyone thinking about doing insider trading."

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