Hedge Fund Trial

17 February 2011 12:47 pm

Galleon hedge fund founder Raj Rajaratnam leaves federal court after a hearing with lawyer John Dowd (back) in New York February 16, 2011. Onetime billionaire Rajaratnam, 53, was arrested and charged with conspiracy and securities fraud in October 2009 in a sprawling case U.S. prosecutors describe as the biggest probe of insider trading in the $1.9 trillion hedge fund industry. Sri Lankan-born U.S. citizen Rajaratnam, who has pleaded not guilty and is free on bail, has vowed to establish his innocence at a jury trial. REUTERS