For those of you who, like me, found the Galleon/Rajaratnam investigation and trial interesting, I highly recommend a new article in The New Yorker by George Packer ("A Dirty Business: Preet Bharara Takes on Wall Street Crime"). Packer writes in great detail about many of the players in the Rajaratnam trial (Raj, his co-workers, the SEC lawyers who developed the case, Bharara and the SDNY prosecutors, defense counsel, and more), and offers new insights into the case and its relationship to Wall Street and the financial crisis.

I have written a lot lately about the SEC's budget, and was intrigued by Packer's observation that "the S.E.C. remains so starved of resources that its budget this year falls short of Raj Rajaratnam's net worth at the time of his arrest." Overall, I found the article to be quite interesting and I believe it manages to shed new light on a well-covered subject. Must-read!

Topics