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"I hope Rajat is a big boy": Gupta trial wiretap

June 13, 2012 in Hedge Fund Marketing News by scgadmin  |  Comments Off

NEW YORK (Reuters) – Lawyers for insider-trading defendant Rajat Gupta on Tuesday played for jurors a 2008 wiretap of now-imprisoned hedge fund manager Raj Rajaratnam apparently confirming he deceived Gupta over a $10 million investment. The issue is a key part of Gupta's defense to charges he illegally supplied stock tips to Rajaratnam. Gupta's lawyers rested their case in the U.S. District …

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