Corporate, Securities & Antitrust News
11/5/2009 9:10:41 AM EST
NY prosecutors ask billionaire's bail stay high
NEW YORK – (AP) A billionaire hedge fund manager charged in a $25 million insider trading case must remain held under $100 million bail because he is one of the richest men in the world and could easily flee, prosecutors told a judge in a letter Wednesday.
The government urged the magistrate judge not to lower 52-year-old Raj Rajaratnam's bail …Full version (available to lexis.com subscribers) Create an account or login to post comments.