Raj Rajaratnam, the Galleon Group LLC hedge fund co-founder convicted of directing the biggest insider trading scheme in a generation, said the use of wiretapped calls by the U.S. raises “substantial” issues of law that should allow him to remain free during his appeal, according to the good people at Bloomberg
Rajaratnam, 54, who is scheduled to report to prison on Dec. 5, is seeking to remain free pending the outcome of his appeal, according a letter his lawyers sent today to Catherine O’Hagan Wolfe, clerk of the U.S. Court of Appeals in Manhattan.
“Raj Rajaratnam respectfully moves this court to stay his surrender date and to grant release pending appeal of his criminal conviction and sentence,” his lawyers said in court papers. They said the evidence they submitted “establishes the substantiality of Mr. Rajaratnam’s appeal.”
Find out more at http://www.bloomberg.com/news/2011-11-28/rajaratnam-to-challenge-wiretaps-in-appeal.html
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