Watch CNBC's full interview with Galleon Group's Raj Rajaratnam

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  • เผยแพร่เมื่อ 28 พ.ค. 2024
  • Raj Rajaratnam, founder of Galleon Group, sits down with CNBC in his first interview since being released from prison two years ago to discuss his new book ‘Uneven Justice: The Plot to Sink Galleon.’ In the book, Rajaratnam writes that "the entire investment business should be declared illegal" if he's guilty. Rajaratnam explains what he meant by that quote and provides other insights to CNBC. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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ความคิดเห็น • 1.1K

  • @turtle1211
    @turtle1211 2 ปีที่แล้ว +526

    If he went to prison, then 15-20% (perhaps a lot higher? ) of our congress should be given prison time too, for insider trading

  • @inpakumarbenjamin4537
    @inpakumarbenjamin4537 2 ปีที่แล้ว +9

    Thank you from Australian Tamils and Tamil Eelam Tamils ✊🏽✊🏽✊🏽🙏🏽🙏🏽🙏🏽

  • @ginuraju9905
    @ginuraju9905 2 ปีที่แล้ว +158

    The way he articulates things are awesome. Need to buy the book

    • @karkule5919
      @karkule5919 ปีที่แล้ว +1

      @Ed Everything is a scam, the key is walking a fine line and not go over the edge to jeopardize yourself. If you call him a crook what would you call a car dealer.

  • @rapid5208
    @rapid5208 2 ปีที่แล้ว +171

    I still remember Anderson cooper showing 23 people guilty in 2008 sub prime crisis and Honestly not even a single one went to prison!. So much for justice in this country!. You got to be in the club.

    • @VelMurugan-qb1xq
      @VelMurugan-qb1xq 2 ปีที่แล้ว +13

      certain people with certain haptoglobin subtypes will always be "exceptional"

    • @the_shadow_healer
      @the_shadow_healer 2 ปีที่แล้ว +4

      @@VelMurugan-qb1xq the complexion for the protection

    • @newyorkcity76
      @newyorkcity76 2 ปีที่แล้ว +1

      Not the same the others know the system how's work powerful people

    • @markislivingdeliberately
      @markislivingdeliberately 2 ปีที่แล้ว

      Just because there was a crisis doesn’t mean there was criminality. Look at how much Covid has ruined lives. You want a scalp, but maybe it’s just incompetence.

    • @newyorkcity76
      @newyorkcity76 2 ปีที่แล้ว

      @@markislivingdeliberately you still believe it

  • @DefenderOfLogic
    @DefenderOfLogic 2 ปีที่แล้ว +45

    Raj Rajaratnam was the scapegoat. Simple as that. They went after the guy who received the tip but not the original source of the tip.

    • @stockguruji2160
      @stockguruji2160 ปีที่แล้ว

      Source of the tip came from my behind

  • @werunguns
    @werunguns 2 ปีที่แล้ว +126

    This was actually an excellent interview with great responses to the tough questions asked.

  • @kiklocus4660
    @kiklocus4660 2 ปีที่แล้ว +260

    Steve Cohen did the same but he didn't go to jail, laws are different for certain people

    • @kiklocus4660
      @kiklocus4660 2 ปีที่แล้ว +9

      @Si Habte remember mathew martoma went to jail they made him scape goat too

    • @pankajpatel8490
      @pankajpatel8490 2 ปีที่แล้ว +13

      For Pajeet, rules are different.

    • @ahamed4152
      @ahamed4152 2 ปีที่แล้ว +4

      Cohen knows how not to get his hand dirty

    • @kiklocus4660
      @kiklocus4660 2 ปีที่แล้ว

      @@pankajpatel8490 who is pajeet?

    • @kiklocus4660
      @kiklocus4660 2 ปีที่แล้ว +5

      Oh yeah Martha Stewart did what 1 month jail?

  • @sbkpilot1
    @sbkpilot1 2 ปีที่แล้ว +297

    He went to jail for 7 years but Elizabeth Holmes will get probation mark my words.. racism still rife

    • @arulsiva6863
      @arulsiva6863 2 ปีที่แล้ว +14

      Why Steve Cohen personally got away from prison . Some of his employees went to jail and he settled with court by paying huge fines in millions. It was unfortunate by his aggressive behavior with the help of FBI Barrera was able to get conviction for several minor employees only. He never nor his successors prosecuted using a disputed law after these90 cases. Even now the law is not resolved. Only congress can straighten this disparity between the courts and SECs definition of insider trading definition. Unless this is resolved there is a possibility of another aggressive district attorney may use this same tactic if a judge was willing to go along with him even though the law is weak.

    • @bobross4886
      @bobross4886 2 ปีที่แล้ว +16

      If anything it’s sexism. Pretty blonde chick vs overweight dumpy guy. As an overweight dumpy guy myself, I can tell you how that’s going to go.

    • @jagatdave
      @jagatdave 2 ปีที่แล้ว +1

      There is a difference in both cases...Elizabeth Holmes is a case of business failure not insider trading....one thing is sure...Elizabeth is a case of false hope

    • @mountainman6172
      @mountainman6172 2 ปีที่แล้ว +2

      ​@@jagatdave Elizabeth Holmes and Ramesh “Sunny” Balwani are charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud. Source: from the horses mouth: Justice Gov (USA)

    • @RG769
      @RG769 2 ปีที่แล้ว +13

      he supposed enrich himself for 100 million she burned billion they will put the indian bf for dating a white female and he will be in jail...i bet she gets 6 months probation.

  • @Nimitz_oceo
    @Nimitz_oceo 2 ปีที่แล้ว +360

    If you listen carefully, both him and Rajat were advised by their lawyers not to testify. So there must be something completely wrong with the Lawyers, they got paid but didn’t advised their clients to testify. Mostly because maybe they didn’t want to do the necessary work involved in preparing your client to testify.
    This man has given more to charities and helped people more than the US government is doing right now.
    Look at congress, 74 congress members were involved in insider trading and not one of them is going to jail. The entire government is corrupt, and worst of this is if you are not white, expect a severe punishment

    • @poovaneswaransupramaniam19
      @poovaneswaransupramaniam19 2 ปีที่แล้ว +9

      So very true

    • @Nimitz_oceo
      @Nimitz_oceo 2 ปีที่แล้ว +8

      @@Brisco1 yeah what is common might not be the right thing to do. It’s unfair to shut up instead of taking a chance to explain one’s side of the story. Many people are in jail because they chose to shut up.
      It’s quite simple, most lawyers are lazy

    • @arulsiva6863
      @arulsiva6863 2 ปีที่แล้ว +9

      Yes he is the only one got 11 years jail. It’s a record sentence.

    • @sdefonta
      @sdefonta 2 ปีที่แล้ว +1

      Considering how poorly Raj interviews I am not surprised

    • @neoblimbos
      @neoblimbos 2 ปีที่แล้ว +2

      Martha Stewart is White, and got prison time

  • @markuba1034
    @markuba1034 2 ปีที่แล้ว +472

    I am an attorney who has handled securities fraud and a multitude of other types of financial criminal matters. It is rare to see a journalist handle a difficult interview in such a complex case with such balance, fairness, and integrity. Precisely the right questions asked; precisely the right degree of follow-up; and precisely the right measure of skepticism of both sides to promote the public's interest in getting to the truth. I was very impressed by the skill in questioning and the way facts were drawn out during the questioning. I learned a great deal about the overall situation as a result. Thank goodness for some few remaining fair pressers.

    • @themaskedman221
      @themaskedman221 2 ปีที่แล้ว +5

      Please, there are plenty of other "fair pressers" left. Check your own political biases.

    • @rapid5208
      @rapid5208 2 ปีที่แล้ว +9

      @jphilly819 , or Trump? Just saying!

    • @oslatron
      @oslatron 2 ปีที่แล้ว

      We love you Mark. What a legend

    • @seandelaney1700
      @seandelaney1700 2 ปีที่แล้ว +1

      My take is his handlers had agreed to the interviewee controlling the narrative in exchange for the first interview. The narrative being to clean my record, for I was had by a corrupt legal system and I have a book that goes into more detail.
      It accomplished this but little more. I did not notice much push back but I assume if he stays on the circuit he'll get exactly that. It was worth my time but I'm left wondering what the other side had to say. I am well aware of prosecutors deep competitive unfairness and this could easily be a case of that.

    • @sameerrana7058
      @sameerrana7058 2 ปีที่แล้ว +2

      Point taken, but based on what you heard, would you believe in Raj’s version? It is baffling that he got 7 yrs if indeed what he claims is true.

  • @sureshnishtala2887
    @sureshnishtala2887 2 ปีที่แล้ว +235

    Raj is a smart guy....from no where to a billionaire and becomming a respected persons in wall street..A very Good Interview and good to see him back and hope he will have a decent third half of his career

    • @themaskedman221
      @themaskedman221 2 ปีที่แล้ว +17

      A decent third half? lol..

    • @techtravels401
      @techtravels401 2 ปีที่แล้ว +11

      if he was honest why he landed in jail .........he must be corrupted and cunning and a thief to get 7 years prison term

    • @altfiwithleighlommen310
      @altfiwithleighlommen310 2 ปีที่แล้ว +6

      But still guilty of inside trading

    • @sarsar5189
      @sarsar5189 2 ปีที่แล้ว +8

      ​@@nikhilnayak8636 Micheal Milliken spent years in prison for insider trading. Stop the racial reasoning. It lacks critical thinking, its shallow and lacks Intelligence. Look at what is happening with Julian Assange and talk race.

    • @gagandhaliwal1453
      @gagandhaliwal1453 2 ปีที่แล้ว +12

      @@sarsar5189 Raj, in this interview, just highlighted the difference between how he was judged and how another guy with the same charges was not found guilty. Julian Assange's example doesn't apply here dude. He went against the United States government lol even if he was black, he would be screwed.

  • @jumpman23madj1
    @jumpman23madj1 2 ปีที่แล้ว +176

    The end of the interview was amazing. Well said, Raj

    • @dougiesherwin9591
      @dougiesherwin9591 2 ปีที่แล้ว +2

      Yes, he's a wonderful liar.

    • @mikewhite4560
      @mikewhite4560 2 ปีที่แล้ว +2

      S H A M E L E S S...Garth Brooks

    • @bekreto
      @bekreto ปีที่แล้ว

      @@dougiesherwin9591
      Why ?

    • @dougiesherwin9591
      @dougiesherwin9591 ปีที่แล้ว +2

      @@bekreto Why? Because I know Raj personally, and he not only believed it was ok to trade on inside information, he created a network that paid for it. The wiretaps of his phone calls prove this.
      If you want to know who taught Raj to cheat, look at his resume and see where he started on wall street.

  • @fabianfernandez6723
    @fabianfernandez6723 2 ปีที่แล้ว +75

    I truly believe that Nancy Pelosi should be charged with insider trading, as she gets first hand information on economic policies ahead of time, before they are released to the media and she and her husband trade on this information.

    • @abhijitbaner
      @abhijitbaner 2 ปีที่แล้ว +10

      these assholes (aka senators & congresspersons) are exempt from insider trading laws just because they write the rules of engagement

    • @arulsiva6863
      @arulsiva6863 2 ปีที่แล้ว +2

      Yes Trump too involved in stock market and his tweets moved the stocks heavily.

    • @joelphilip7481
      @joelphilip7481 2 ปีที่แล้ว +5

      Everyone in government shouldn’t own stocks. It should be a sacrifice men and women give up to serve.

    • @VelMurugan-qb1xq
      @VelMurugan-qb1xq 2 ปีที่แล้ว +4

      @@abhijitbaner We can never get another cleaner and wiser man than Rajat.... problem is these people of color, "cannot be allowed" to use that ladder and must be "canned and contained". Too many examples... how about scaling Chomolungma(Mount Everest).... Sherpa Tenzing Norgay did all the hard yard but a gora got showered with all the accolades and niceties this world had to offer..... all the number-crunching, mid-night oil burning, family time sacrificing job is done by a "coolie" but the product presentation is done by a suit-wearing, white veneer teeth evergreen smiling gora

    • @fabianfernandez6723
      @fabianfernandez6723 2 ปีที่แล้ว

      @@joelphilip7481 There are things called blind trusts which government insiders can be allowed to invest or broad indexes like S&P 500, DowJones Industrials, Nasdaq or Russell but not individual stocks. Also no options should be allowed to used as they create tremendous leverage.

  • @johnakpalu2118
    @johnakpalu2118 2 ปีที่แล้ว +105

    Your eyes always open when you hear the other side. A great interview.

    • @wackaer25
      @wackaer25 2 ปีที่แล้ว +7

      He refused to testify under oath. he's no longer under oath. how cna you trust a man just because of his demeanor? Do you believe a man who has a personal incentive to claim innocence can be more honest and reliable about the facts.. a man selling a book as well ... then the entire justice system, jury etc? there's more details this man is omitting as well.

    • @tyrellcobb4665
      @tyrellcobb4665 2 ปีที่แล้ว +2

      All the sides that needed to be listened to were fully considered in the court of law. What you're listening to is just one man's pr

    • @johnakpalu2118
      @johnakpalu2118 2 ปีที่แล้ว +1

      @@tyrellcobb4665
      Not with his testimony per the advice of his lawyers

    • @godas55
      @godas55 2 ปีที่แล้ว

      Absolutely.

    • @arwinsrikumar6055
      @arwinsrikumar6055 2 ปีที่แล้ว

      @@wackaer25 my guy u do know right books dont give u a profit its to speak out plus he legit stated facts that he didn't do anything wrong if u legit did any research the wire taps were clean and the prosecutor was very unjust because he legit said a trial that happend in the exact same scenario as his but the other person was relived of his charges. the prosecutor that led this case was a newly assianged to his role and he just wanted to put down a big name and a big business man. L Jury L proscuter.

  • @HBCALIF92646
    @HBCALIF92646 2 ปีที่แล้ว +18

    LOL: “If you call your mother and say you’re coming to dinner, it could seem criminal in a courtroom setting.”

  • @jadams1162
    @jadams1162 2 ปีที่แล้ว +24

    Proud of you Raj, handled it just like a Raja!!!!

  • @TWWIW
    @TWWIW 2 ปีที่แล้ว +150

    Frontline painted him as super bad, insider trading this and that.. but after watching this interview and seeing his side of the story, they were just biased with a hint of injustice. It’s like straight from the tv series billions

    • @SpewtGG
      @SpewtGG 2 ปีที่แล้ว +2

      couldnt agree more

    • @neverevenheardofit
      @neverevenheardofit 2 ปีที่แล้ว +8

      Yea, it's not like there was a trial or anything. Let's just let the guilty give their side of the story and determine a decision from that

    • @SpewtGG
      @SpewtGG 2 ปีที่แล้ว +9

      @@neverevenheardofit yeah but everyone knows raj was guilty, but way too much information was taken out of context to get him behind bars. A lot of people who spoke on the stand lied, and he couldn’t do anything about it

    • @drmodestoesq
      @drmodestoesq 2 ปีที่แล้ว +1

      @@SpewtGG He couldn't afford a lawyer? That's sad.

    • @SpewtGG
      @SpewtGG 2 ปีที่แล้ว +1

      @@drmodestoesq someone doesn’t know the facts

  • @IsabelWilliams
    @IsabelWilliams 2 ปีที่แล้ว +26

    He looks wonderful for his age May God continue to bless him with health and more wealth to continue giving.

  • @kamalathevijegatheeswaran6689
    @kamalathevijegatheeswaran6689 2 ปีที่แล้ว +5

    I am touched by his closing statement that shows he is a man of principles and I will definitely read his book

  • @robertor9906
    @robertor9906 2 ปีที่แล้ว +176

    I’m buying his book! What he said at the end made my decision easy.

    • @boulevarda.aladetoyinbo4773
      @boulevarda.aladetoyinbo4773 2 ปีที่แล้ว +1

      What'd he say at the end?

    • @pulakification
      @pulakification 2 ปีที่แล้ว +2

      @@boulevarda.aladetoyinbo4773 I have no regrets.

    • @dougiesherwin9591
      @dougiesherwin9591 2 ปีที่แล้ว +2

      He's playing you and the book is clearly a rehash of his failed defense. He's absolutely lying his fat ass off about the trades after these calls.

    • @mikewhite4560
      @mikewhite4560 2 ปีที่แล้ว +1

      Is ANYONE in this God forsaken Country GUILTY of ANYTHING?

    • @dougiesherwin9591
      @dougiesherwin9591 2 ปีที่แล้ว

      @@mikewhite4560 Yes, millions of poor black men are in jail for "being guilty," whether they committed crimes or not.

  • @gurbachansingh_macrofinance
    @gurbachansingh_macrofinance 2 ปีที่แล้ว +44

    Great interview. Thank you very much.

  • @raj10754
    @raj10754 2 ปีที่แล้ว +4

    The MAN himself!!!...Thank you CNBC for this wonderful interview..👏👏👍👍🔥🔥

  • @tigalbaby
    @tigalbaby 2 ปีที่แล้ว +83

    I always asked myself … did the other hedge fund managers get their information in a different form from Raj? . Or was he singled out for wiretapping , because he did not fit into the image of the old boys club , of successful money managers .

    • @tdcv6309
      @tdcv6309 2 ปีที่แล้ว +4

      @@rcc8506 To be honest if you're not a part of the old boys' club of Wall Street and if you get too big for your breeches then even if you're white, they will make an example out of you. Just look at the scandals and scams coming our of Wall Street and a total lack of perpetrators from a singular community being convicted despite the fact that they comprise of the majority of Wall Street.

    • @boo9523
      @boo9523 2 ปีที่แล้ว

      I think he had accusations of alleged funding terrorism? Its probably the reason behind wiretap at the first place.

    • @NoobTube4148
      @NoobTube4148 2 ปีที่แล้ว

      I think it’s because they had evidence from wire taps.

    • @nishensemble
      @nishensemble 2 ปีที่แล้ว +1

      Preet Bharara basically went after a bunch of brown people. You'll note that Steve Cohen not only got off scot free but now owns the Mets.

  • @BibinBCherian
    @BibinBCherian 2 ปีที่แล้ว +53

    Good interview - better than I expected. Changes your perspective listening to him.

    • @mikewhite4560
      @mikewhite4560 2 ปีที่แล้ว +2

      The Poor Dear Innocent Wall Street INSIDER TRADERS.....

  • @supertrooper4353
    @supertrooper4353 2 ปีที่แล้ว +70

    The man seems pretty genuine who was just caught in a bad situation.....he's done his time and paid his dues - good for him.

    • @nickmiller4262
      @nickmiller4262 2 ปีที่แล้ว +4

      Turney Duff has some pretty damning stories about Raj's insider trading

    • @uberboiz
      @uberboiz 2 ปีที่แล้ว +2

      @@nickmiller4262 Thanks for bringing up Turney Duff. I'll buy his book instead of Raj's. :)

    • @dougiesherwin9591
      @dougiesherwin9591 2 ปีที่แล้ว

      Wrong, wrong, and wrong.

    • @supertrooper4353
      @supertrooper4353 2 ปีที่แล้ว

      @@dougiesherwin9591 How so? Explain away.....

    • @dougiesherwin9591
      @dougiesherwin9591 2 ปีที่แล้ว +1

      @@supertrooper4353 Raj is a professional thief. He was trained that trading on inside information was ok, but he knew he was breaking the law. This rah rah USA BS he's spewing now suggests he wants more money.
      He was not "caught in a bad situation," he was a career criminal, who is still spending stolen money.

  • @harisadu8998
    @harisadu8998 2 ปีที่แล้ว +40

    Having jury trials for complex issues are beyond stupid. This is why most places have abolished them.

    • @peterk814
      @peterk814 2 ปีที่แล้ว +3

      Umm. This is the premise of our legal system. And he could’ve requested a trial through a judge

  • @rajann6970
    @rajann6970 ปีที่แล้ว +1

    Congratulations CNBC interviewer for such a brilliant piece. Raj, to you all kudos for standing up to the right principles and your invaluable service to Americans as well as to all humanity. Most importantly, you have made us proud Sri Lankans, especially the people of Jaffna, where I too hail from. Your great philanthropic work in the North these days is all the more commendable. Keep up the good work. I just purchased your book. Can't wait to get started on it! மிகவும் நன்றி!

  • @MischifProductions
    @MischifProductions 2 ปีที่แล้ว +112

    Great interview. A lot of the tough questions that should be asked these days aren't, and a great discussion resulted from it. Thanks!

  • @poovaneswaransupramaniam19
    @poovaneswaransupramaniam19 2 ปีที่แล้ว +6

    Wonderful interview....kudos to the interviewer and interviewee....insightful piece

  • @harshavijay3517
    @harshavijay3517 2 ปีที่แล้ว +81

    As a fellow Tamil, have always been waiting to see him explain his side of the story. Great guy !!!

    • @martianmartian4037
      @martianmartian4037 2 ปีที่แล้ว +3

      You realize he is Sri Lankan and not Indian

    • @SquidGames1982
      @SquidGames1982 2 ปีที่แล้ว +17

      @@martianmartian4037 There are Tamil speaking people in Srilanka as well. There are Tamil speaking people all over the world! Including those CEO/CFOs like Sundar Pichai, Indra Nooyi, Shiv Nadar, Dhivya Dhevara to name a few

    • @harshavijay3517
      @harshavijay3517 2 ปีที่แล้ว +4

      @@martianmartian4037 read my comment again. If you still don’t get it. Read again. If you still don’t get it then you will have to get yourself educated in history and geography.
      He is a srilankan Tamil, ethnic Tamil Indians who settled in Sri Lanka. We share ethnicity. Were you hibernating when they fought a war for their identity?

    • @harshavijay3517
      @harshavijay3517 2 ปีที่แล้ว +4

      @@martianmartian4037 what makes you say that I am an Indian? My name? Your name sounds caucasian, does it mean you are from Armenia?

    • @harshavijay3517
      @harshavijay3517 2 ปีที่แล้ว +2

      @@teddylovesit tell me this. The big banks have paid billions in fines for the same mistake he did. Some human behind the desk in those banks did the same mistake he did. Preet Bharara deserves to be humiliated even more than what Trump did to him. If you have worked in wall street you would understand what he is talking about. If you insist that you work then you would be a very bad trader.

  • @gobisunthar4725
    @gobisunthar4725 2 ปีที่แล้ว +67

    Law works different for US citizens and Born in US citizens.

    • @SpewtGG
      @SpewtGG 2 ปีที่แล้ว +2

      agreed

    • @jdave209
      @jdave209 2 ปีที่แล้ว +4

      Even if you were born here and you are black, then’ its……never mind

    • @drmodestoesq
      @drmodestoesq 2 ปีที่แล้ว +1

      @@jdave209 Like Bill Cosby? Jesse Smollet?

    • @tdcv6309
      @tdcv6309 2 ปีที่แล้ว +4

      This depends on your religeo-political background and your contacts with the corrupt politician of the hour

    • @FrankGallagher1700
      @FrankGallagher1700 2 ปีที่แล้ว +1

      @drmodestoesq u cherry picked 2 black cases & 2 awful ones at that lol both were convicted bill got off because he had already made a deal with the previous DA that they couldn’t go after him

  • @gheechiedan9299
    @gheechiedan9299 2 ปีที่แล้ว +35

    This IS a VERY important interview with this man ! I remember when he went to jail and was SHOCKED because knowing what I knew about the judicial system it did NOT add up but at the time I had forgot to include a few BASIC key elements almost everyone in america KNOWS about this country. I am glad he was "allowed" to keep some of his money like they allow ALL the others who REALLY broke the law and were "allowed" to scam. Remember Boesky !

    • @dougiesherwin9591
      @dougiesherwin9591 2 ปีที่แล้ว +1

      Are you trying to be funny? Raj set up a network and paid cash for phone calls with inside information. His arrogant ignoring of the phones being tapped put him in jail.

    • @gheechiedan9299
      @gheechiedan9299 2 ปีที่แล้ว

      @@dougiesherwin9591 I am very serious. I am comparing ALL the crooked stuff they allowed ALL the others to get away with vs. what happened here. Example: It was PROVEN in court that Goldman Sacs INTENTIONALLY LIED to their OWN customers and told them to invest in securities that they KNEW were gonna fail and on TOP of that, Goldman then had the NERVE to go behind their OWN clients back and DIRECTLY invest AGAINST their OWN clients which made their OWN clients even lose money FASTER! This scheme according to the government made Goldman over 1 BILLION in profits ! What did the government do? They fined Goldman 100 million OF the over 1 BILLION in profits they made! Did they put anybody in jail? NO !!!! Case closed! This is why I root for RAJ!

    • @dougiesherwin9591
      @dougiesherwin9591 2 ปีที่แล้ว +1

      @@gheechiedan9299 If you tell me Raj got singled out because he's not white, I'll agree. But he's a bad guy who literally stole over a billion dollars.

  • @thetravelerwonderfulworld9854
    @thetravelerwonderfulworld9854 2 ปีที่แล้ว +45

    This man is so brilliant and patient in all the questions !
    I have listened to quite a few billionaires and hedge fund guys, they often display lots of impatience and calm arrogance. Rajat is an exception.
    Talking to him feels like speaking to a high school history teacher. I am definitely buying the book.

    • @dougiesherwin9591
      @dougiesherwin9591 2 ปีที่แล้ว

      Good luck. You can always use the book next time toilet paper is hard to find.

    • @romycurry854
      @romycurry854 2 ปีที่แล้ว

      I need to see that book too

  • @apprehensivetoe9811
    @apprehensivetoe9811 2 ปีที่แล้ว +42

    I see where this is going, Ryan Cohen gets a fine Raj gets jail time. Interesting way of our poor Justice system.

  • @thevankandasamy5286
    @thevankandasamy5286 3 หลายเดือนก่อน +1

    Raj anna it's amazing interview.face to face. I very proud you are tamilian

  • @lsequeira3139
    @lsequeira3139 2 ปีที่แล้ว +5

    Excellent interview. Thank you for being as fair as you could and well done Rajarathnam.

  • @haroon420
    @haroon420 2 ปีที่แล้ว +14

    He got done!! People with more serious crimes walking free. Hope he comes back stronger!!! 💪🏽🇱🇰

  • @YLalgondar
    @YLalgondar 2 ปีที่แล้ว +4

    Very insightful and best interview!

  • @joshuagarcia7001
    @joshuagarcia7001 2 ปีที่แล้ว +2

    Great interview! Enjoyed all 19mins!!!

  • @krisl9454
    @krisl9454 2 ปีที่แล้ว +5

    certainly comes across as the most genuine person you could meet and has proper life values

  • @prashanthb6521
    @prashanthb6521 2 ปีที่แล้ว +54

    The Police, Courts are as dirty as the criminals themselves. Its better to stay inconspicuous and simple and far away from such dirty network.
    I hope Raja Rajaratnam tells his story out loud. He seems genuine.

    • @pradbourne2446
      @pradbourne2446 2 ปีที่แล้ว

      however, you said the others went free which they did not. enjoy your day, but know the facts as well.

    • @davi8515
      @davi8515 2 ปีที่แล้ว

      He isn’t. They aren’t. But you’re also right haha

    • @varunprakash5
      @varunprakash5 2 ปีที่แล้ว

      I feel the same way. I certainly appears to be genuine, and so did Rajat Gupta.

    • @jayantadas3192
      @jayantadas3192 2 ปีที่แล้ว +2

      You forgot to mention that it was another Indian origin Preet Bharara who went overboard to further his career, he was too gungho to punish the Indians, he went after Rajat Gupta and tarnished his image, he also went after the lady diplomat from Indian embassy. Hope, one day karma catches up with this low life.

  • @simarik91
    @simarik91 2 ปีที่แล้ว +11

    I remember listening to the audio tapes of the phone call some 10-12 years ago where Rajat Gupta clearly said something to Raj along the lines of "hey, this just off the boardroom..." and proceeds with the tipping. So when Raj says no one told him, "hey I just got this from somebody", that's really hard to believe. And if 100% of his trades were based on the written statements of his 35 analysts, why is Rajat Gupta's tip on the call "news" to Raj?
    Just as Raj is guilty, Preet Bharara is equally guilty of muddying up the waters to make the case. But if Raj is guilty, so are most of the "fund managers", just not convicted yet. Justice is a joke nowadays, not a "bedrock" of anything. But we wanna go on believing that, don't we?
    EDIT: “Yeah," says Rajat Gupta. “... this was a big discussion at the board meeting" to buy a commercial bank. Lookup the audio tapes.

  • @flashbeats3031
    @flashbeats3031 2 ปีที่แล้ว +52

    "Bharara’s endgame all along was the high life too, only he took a much easier route: he would use the vagaries of securities laws and the destruction of businesses and reputations as his path to wealth." At the end Bharara got really handled by Trump.. :)

    • @1309gsk
      @1309gsk 2 ปีที่แล้ว +3

      i do not give high marks to tax evader n wpomanizer trump but bara was removed as us attorney as partbof firing all dem appointed us attorneys

    • @arulsiva6863
      @arulsiva6863 2 ปีที่แล้ว +1

      Not only that I heard he made millions in stock market with his connections.

    • @jarjarbinks3193
      @jarjarbinks3193 2 ปีที่แล้ว +10

      ​@@1309gsk The fact is Preet Bharara used to think that he is more American than all his fellow (brown) immigrants and used to make it a point to go after other (brown) immigrants to "prove" his Americaness. Finally, he was put in his "place" by Trump!! Poor Bharara should have realized how things work in the US. No matter hard he tries, he will always be a Gunga din!!

    • @1309gsk
      @1309gsk 2 ปีที่แล้ว

      famnne marred thistry n hungry flash oh shark like yourself thinks brown r less americans tha you the flash or irish potatoe. i am not a fan of bhara but i get ttally out of cotrol when u talk about bowns

    • @realdeal139
      @realdeal139 2 ปีที่แล้ว

      @@jarjarbinks3193 what is a gunga din?

  • @user-tk7sc4gz2v
    @user-tk7sc4gz2v 2 ปีที่แล้ว +140

    Rare to find a gem like him

    • @SpewtGG
      @SpewtGG 2 ปีที่แล้ว +1

      it really is

    • @Ramneek22
      @Ramneek22 2 ปีที่แล้ว

      Sarcasm or no

    • @kiklocus4660
      @kiklocus4660 2 ปีที่แล้ว +17

      I dont know about gem but there are bigger criminals than him much bigger, they are all out there free doing what he did without getting caught,

    • @VelMurugan-qb1xq
      @VelMurugan-qb1xq 2 ปีที่แล้ว +3

      @@kiklocus4660 "criminal" ?.... guess you love your j abs?

    • @kiklocus4660
      @kiklocus4660 2 ปีที่แล้ว

      @@VelMurugan-qb1xq murugaaaaa

  • @prash_t
    @prash_t 2 ปีที่แล้ว +14

    Just finished his book and would recommend it. His version is that he got picked on by district attorney who himself didn’t understand what constitutes inside information. Based on his book it appears he was either doing the the opposite to what the tipper alleges or his team had already found that information legally and had traded prior to it. However the prosecutors, judge and jury didn’t understand markets and hence couldn’t understand what is legal and what is illegal. I plan on reading different versions of the same story from Preet and Gupta next. I remember reading books on the insider trading scandal of the 80s where people were just fined. Similarly after the banking crisis the banks were bailed out and no one responsible went to jail. But for political gain one south Asian prosecutor picked on other South Indians.

  • @gmshadowtraders
    @gmshadowtraders 2 ปีที่แล้ว +17

    Both presenter and guest speaker did a great job! CNBC is top baby!

  • @vibuthan
    @vibuthan 2 ปีที่แล้ว +1

    Superb. Thanks for this interview

  • @edmund6392
    @edmund6392 2 ปีที่แล้ว +104

    I am buying his book! I was an analyst when this miscarriage of justice took place. Shame on the justice system.

    • @NewBalance-pu8ft
      @NewBalance-pu8ft 2 ปีที่แล้ว +2

      This Raj Rajaratnam stole over $150 million combined through insider trading. Supported a dangerous terrorist organization with USD 3.5 million, which he describes as charity. And sat in prison only 8 of the 11 years he was convicted to. Now he wants to whitewash himself as if what he had done was a Peccadillo. I demand to punch in again for 30 years, because he is misusing his probation to turn the facts around. So please arrest him once again and punish him properly!

    • @dougiesherwin9591
      @dougiesherwin9591 2 ปีที่แล้ว +1

      If you were an analyst, you should know better. Raj is a plain old thief.

    • @NewBalance-pu8ft
      @NewBalance-pu8ft 2 ปีที่แล้ว +2

      @@dougiesherwin9591 Correct. Raj is a big thief from Sri Lanka!

    • @dougiesherwin9591
      @dougiesherwin9591 2 ปีที่แล้ว +1

      @@NewBalance-pu8ft Trust me I know.

    • @mikewhite4560
      @mikewhite4560 2 ปีที่แล้ว +1

      I spent 3 years in Prison over Mental illness & nothing else. Many INSIDER TRADERS = EVIL...

  • @TheMaru71
    @TheMaru71 2 ปีที่แล้ว +7

    As a native Tamil man I am really proud of you sir. At least now it's up to public can come to conclusions. Innocent should not punish because of his race and ethnicity.

  • @agrwlvivek
    @agrwlvivek 2 ปีที่แล้ว +84

    Amazing interview, discussion, and fact finding!

    • @zazatv6822
      @zazatv6822 2 ปีที่แล้ว +1

      reporter is a good one .
      Happy new year 2022.

  • @WISEMARTIAL
    @WISEMARTIAL 2 ปีที่แล้ว +2

    🇱🇰 Very Well Spoken. Take care and stay safe Mr.Rajaratnam

  • @francisd3740
    @francisd3740 2 ปีที่แล้ว +13

    He sounds genuine. His words are smart. Totally buying his book.

    • @gregnathan9830
      @gregnathan9830 2 ปีที่แล้ว

      I second your conclusion. Its amazing how he got portrayed in American Greed, and what the confessions of the Man in the real are. Prison truly has worn him down - He sure looks moons away from what he looked earlier!

    • @pushpendradsp
      @pushpendradsp 2 ปีที่แล้ว +1

      i think verdict purely based on evidence so its not possible he is an innocent

    • @gregnathan9830
      @gregnathan9830 2 ปีที่แล้ว +1

      @@pushpendradsp - He explained the loophole in Witnessing....

  • @rapid5208
    @rapid5208 2 ปีที่แล้ว +3

    Great interview!

  • @kharade123
    @kharade123 2 ปีที่แล้ว +3

    Amazing interview

  • @jimmykelly9339
    @jimmykelly9339 2 ปีที่แล้ว +1

    as someone who hates modern journalism, this interviewer is top tier! great questions and great understanding of the answers given!

  • @vivekrbs
    @vivekrbs ปีที่แล้ว +1

    He did not accept a plea deal to rat on others. Took it like a man . Respect for that

  • @Smpl97
    @Smpl97 2 ปีที่แล้ว +3

    I am very glad to see him back

  • @dontwannabefound
    @dontwannabefound 2 ปีที่แล้ว +53

    This man is a legend. Incredible what he has gone through and the composure he maintains.

    • @altfiwithleighlommen310
      @altfiwithleighlommen310 2 ปีที่แล้ว +1

      Disagree compete and would like to know your reasoning, given my information vs yours

    • @dougiesherwin9591
      @dougiesherwin9591 2 ปีที่แล้ว

      Con-men do that, right?

  • @senthilsundaram1685
    @senthilsundaram1685 2 ปีที่แล้ว +1

    11 years ago , I thought that he was treated unfairly and o stand by that today .

  • @caunteya
    @caunteya 2 ปีที่แล้ว +1

    Excellent interview. Great insights.

  • @Xpass2008X
    @Xpass2008X 2 ปีที่แล้ว +21

    The problem is not him getting a long sentence, but some others not getting it for doing insider trading.

    • @arulsiva6863
      @arulsiva6863 2 ปีที่แล้ว

      No more cases of insider trading? Why. IMO Raj brothers case was the last one.exactly similar case with same charges filed couple of years later and was dismissed by a different female judge. In Bareras new discovery the law he used was MERKY.

  • @husamabed6527
    @husamabed6527 2 ปีที่แล้ว +33

    Double standard is the rule, I have seen this again and over again.

  • @alfad9248
    @alfad9248 ปีที่แล้ว +2

    This reporter stands neutral and smart. He definitely needs a big raise & promotion after this interview. 😁

  • @lqtube
    @lqtube 2 ปีที่แล้ว +73

    i remeber seeing him on those headlines, but now i feel like i truely understand him, great person, such a geniune interview.

    • @redstwok1123
      @redstwok1123 2 ปีที่แล้ว

      I'm sure you'll love Hitler if he was interviewed by the NYTimes as part of promotion to sell books.

    • @lqtube
      @lqtube 2 ปีที่แล้ว +1

      @@redstwok1123 poor cluless soul

    • @redstwok1123
      @redstwok1123 2 ปีที่แล้ว

      @@lqtube Says you, a person who knows nothing about this biz and Raj's story. You have never met the people that know this guy inside and out, so please keep your easily swayed thoughts

    • @NewBalance-pu8ft
      @NewBalance-pu8ft 2 ปีที่แล้ว +1

      This Raj Rajaratnam stole over $150 million combined through insider trading. Supported a dangerous terrorist organization with USD 3.5 million, which he describes as charity. And sat in prison only 8 of the 11 years he was convicted to. Now he wants to whitewash himself as if what he had done was a Peccadillo. I demand to punch in again for 30 years, because he is misusing his probation to turn the facts around. So please arrest him once again and punish him properly!

  • @toulasantha
    @toulasantha 2 ปีที่แล้ว +28

    I feel bad for the guy. System is broken. That’s all I have to say.

  • @silverstoney4383
    @silverstoney4383 2 ปีที่แล้ว +2

    Great Interview! Wish him Luck !

  • @narendeepan
    @narendeepan ปีที่แล้ว +1

    Excellent interview, and continue the good work you do now.

  • @energyexecs
    @energyexecs 2 ปีที่แล้ว +58

    Here is the review from Amazon -“Raj Rajaratnam, the respected founder of the iconic hedge fund Galleon Group, which managed $7 billion and employed 180 people in its heyday, chose to go to trial rather than concede to a false narrative concocted by ambitious prosecutors looking for a scapegoat for the 2008 financial crisis. Naively perhaps, Rajaratnam had expected to get a fair hearing in court. As an immigrant who had achieved tremendous success in his adopted country, he trusted the system. He had not anticipated prosecutorial overreach-inspired by political ambition-FBI fabrications, judicial compliance, and lies told under oath by cooperating witnesses. In the end, Rajaratnam was convicted and sentenced to eleven years in prison. He served seven and a half“

    • @nzmanhdee6246
      @nzmanhdee6246 2 ปีที่แล้ว +4

      He’s an insider trader

    • @VelMurugan-qb1xq
      @VelMurugan-qb1xq 2 ปีที่แล้ว +8

      @@nzmanhdee6246 define "insider trader"? Talking to people is his job.... when you are handling over 7 billion of people's money you make a through informed decision before you decide to 'buy' 'sell' or 'hold'.... He literally gave Wall Street a wild chase.... he did so singlehandedly without any need for "networking'" like those who rule the roost do... Raj was an outsider in all ways imaginable, becoming too powerful and too quickly and had to be swiftly dealt with....
      He is forever our Pokkisham.
      Aram Porul Inbam Veedu

    • @bigfactsbroski
      @bigfactsbroski 2 ปีที่แล้ว +2

      @@nzmanhdee6246 probably. It’s like speeding, though, everyone does it he just got caught. Interesting how it’s the Asian banker that gets nabbed. Was he sloppier or was something else afoot?

    • @altfiwithleighlommen310
      @altfiwithleighlommen310 2 ปีที่แล้ว +2

      Still guilty

    • @VelMurugan-qb1xq
      @VelMurugan-qb1xq 2 ปีที่แล้ว +2

      @Raj Iyer .... and land of tall slogans and hollow promises....

  • @kumarasinghebandara1916
    @kumarasinghebandara1916 2 ปีที่แล้ว +22

    RAJ is a smart guy. An immigrant from srilanka became a BILLIONER.

  • @Davidroymortgages
    @Davidroymortgages 5 หลายเดือนก่อน

    Answered every question with composure.. Very well said Raj.. Book is a must read if you appreciated this interview.

  • @Mikestonebone
    @Mikestonebone 2 ปีที่แล้ว +2

    Great interview

  • @Letitgo1975
    @Letitgo1975 2 ปีที่แล้ว +40

    Yes, the entire Wall Street is guilty, very well said!!
    Wow, his father donated his entire estate and yes some people and cultures don’t advertise their charitable givings where some cultures they donate a dollar and talk about it rest of their life!!

    • @fredtorres8579
      @fredtorres8579 2 ปีที่แล้ว +2

      And that’s why we Apes HODL our positions in meme stocks when will people learn it’s us vs them….

  • @khnns4121
    @khnns4121 2 ปีที่แล้ว +9

    He is enlightened and peaceful.

  • @Hummingbird_Singer
    @Hummingbird_Singer 2 ปีที่แล้ว +2

    Much respect.

  • @tjthomas231
    @tjthomas231 2 ปีที่แล้ว +1

    Amazing Interview

  • @JovialPlanet
    @JovialPlanet 2 ปีที่แล้ว +5

    Great interview. Agreed, there is always overreach by the prosecution. I loved when Trump fired Preet Bharara and he was crying like a puppy in all news networks.

  • @thankyou_guruji
    @thankyou_guruji 2 ปีที่แล้ว +33

    He is an amazing man. Hands down. God bless him.

    • @flypaper6857
      @flypaper6857 2 ปีที่แล้ว +2

      Are you serious? The Fed's have this psycho on tape laughing and taunting average Americans

    • @balajik3189
      @balajik3189 2 ปีที่แล้ว +1

      @@rcc8506 How would defense make him a bad ass? Just so you know, I neither support nor hate him.

  • @rdubitsk
    @rdubitsk 2 ปีที่แล้ว +53

    Brilliant interview. Though I'm still skeptical. Maybe I will read his book. I have viewed Wall Street misdeeds from the 80s. Some were guilty as sin. Some were victims of prosecutor's overreach.

    • @Dan16673
      @Dan16673 2 ปีที่แล้ว

      agreed

    • @ristekostadinov2820
      @ristekostadinov2820 2 ปีที่แล้ว +1

      The thing is many of the insider traders were getting 2-3years max + fine, politicians get nothing for insider trading. I personaly think for insider trading its much more impactful to wipe the trader wealth than throwing him in prison.

  • @kenmurphy6315
    @kenmurphy6315 2 ปีที่แล้ว

    Very insightful interview. Stay strong 💪 ✨️

  • @viswanathanvadakkekunnampi627
    @viswanathanvadakkekunnampi627 2 ปีที่แล้ว +7

    Raj a victim of racism

  • @blackmantravel6954
    @blackmantravel6954 2 ปีที่แล้ว +13

    He simply didnt have the complexion for the protection.

    • @drmodestoesq
      @drmodestoesq 2 ปีที่แล้ว

      He was prosecuted by an Indian.

  • @SwampDL
    @SwampDL 2 ปีที่แล้ว +1

    A sense a genuine gentleman. Cheers to him.

  • @thecrabpulsar
    @thecrabpulsar 2 ปีที่แล้ว +2

    Excellent interview particularly the last part was quite emotional. I respect this man.

  • @pselvara3355
    @pselvara3355 2 ปีที่แล้ว +10

    Goldlmen and Wall Street Big firms will put this guy to shame when it comes tips. That being said he was not a passive tip receiver.

  • @immis3270
    @immis3270 2 ปีที่แล้ว +3

    Salute to you sir !

  • @77magicbus
    @77magicbus ปีที่แล้ว +1

    Great interview! I like Raj. I think he was not given a fair shake in several instances. Most of all I like his attitude and appreciation for America in spite of his losing the case against him. He is not bitter and he is thankful for what he has. Hope he enjoys the third part of his life from here on. He is a real winner in my book.

  • @sureshdesilva1344
    @sureshdesilva1344 2 ปีที่แล้ว +2

    Great interview 👍👍👍

  • @abulb.8944
    @abulb.8944 2 ปีที่แล้ว +25

    Preet Bharara should be ashamed of himself for what he did to Rajat Gupta and Raj Rajaratnam. Bharara is an unethical egotistical man who was rightfully fired by Trump.

  • @sonnysamra8733
    @sonnysamra8733 2 ปีที่แล้ว +14

    Wait... he got more prison time for insider trading than rapists/molesters do. Think about that, crazy. There are ppl out there who got more time for marijuana possession also. Why can't they fix this system immediately!

  • @MK-fu3jp
    @MK-fu3jp 2 ปีที่แล้ว +1

    Great Interview.

  • @richyr5876
    @richyr5876 2 ปีที่แล้ว +1

    Well well well look who it is the goat of insider 🙌🙌🙌🙌 and I'm damn sure buying this book ASAP!!!

  • @rocr7924
    @rocr7924 2 ปีที่แล้ว +62

    Preet Bharara was ruthless and irresponsible in many of his overly zealous prosecutions. I am glad he was fired, albeit by Trump. One of the many decisions that I agree with Trump on.

    • @VelMurugan-qb1xq
      @VelMurugan-qb1xq 2 ปีที่แล้ว +3

      disagree.. he was put there on an "limited hangout" ops... he did his job well, per his handlers command, and will be rewarded accordingly.

  • @RG769
    @RG769 2 ปีที่แล้ว +37

    i always believed his crime that he was a brown man as a first billionaire big boys couldn't deal w it who does't trade on tips he was no different then others they just wanted to teach him a lesson jury system sucks ask any black and latinos how good the juries are.

  • @laxsal12
    @laxsal12 2 ปีที่แล้ว +2

    I liked the way he appreciated the liberty system he got for being a US citizen

  • @steelsteez6118
    @steelsteez6118 2 ปีที่แล้ว +34

    This guy reeks of 110% honesty. Very stand up guy. Kappa.

    • @NewBalance-pu8ft
      @NewBalance-pu8ft 2 ปีที่แล้ว

      This Raj Rajaratnam stole over $150 million combined through insider trading. Supported a dangerous terrorist organization with USD 3.5 million, which he describes as charity. And sat in prison only 8 of the 11 years he was convicted to. Now he wants to whitewash himself as if what he had done was a Peccadillo. I demand to punch in again for 30 years, because he is misusing his probation to turn the facts around. So please arrest him once again and punish him properly!

    • @NewBalance-pu8ft
      @NewBalance-pu8ft 2 ปีที่แล้ว

      He was convicted of 14 counts. It is if You go to a department store and steal 14 items. And Raj Rajaratnam was convicted by all 11 jurors.

    • @NewBalance-pu8ft
      @NewBalance-pu8ft 2 ปีที่แล้ว

      @@EbenJ2010 You mean all the other commentators?

  • @tbd1613
    @tbd1613 2 ปีที่แล้ว +17

    Preet Barrara always seemed like a political hack as evidenced by his appearance on CNN. This man got injustice.

  • @jking5772
    @jking5772 2 ปีที่แล้ว +1

    Seems pretty honest and open

  • @TopGKev
    @TopGKev 2 ปีที่แล้ว +33

    I can see why so many people visited him in prison, he seems like someone who shared with others. He had a lot of people that benefited from him. Maybe the lines of what was legal and what wasn’t got blurred and maybe the prosecutors over stepped their boundaries but in the end only they know.

    • @NewBalance-pu8ft
      @NewBalance-pu8ft 2 ปีที่แล้ว +1

      This Raj Rajaratnam stole over $150 million combined through insider trading. Supported a dangerous terrorist organization with USD 3.5 million, which he describes as charity. And sat in prison only 8 of the 11 years he was convicted to. Now he wants to whitewash himself as if what he had done was a Peccadillo. I demand to punch in again for 30 years, because he is misusing his probation to turn the facts around. So please arrest him once again and punish him properly!

  • @Gates7405
    @Gates7405 2 ปีที่แล้ว +17

    The Legend himself🔥

  • @2sangillis
    @2sangillis 2 ปีที่แล้ว +31

    Real OG... Proud Tamil..
    Reporter is wack.

    • @craigslist1323
      @craigslist1323 2 ปีที่แล้ว +1

      Tamilnadu la vazha mudiyala nu Dan odi poranga, ippo Enna tamilan nu sollara?
      Idhu peruma illa kevalam

    • @r3medy5
      @r3medy5 2 ปีที่แล้ว +1

      @@craigslist1323 tiruchirappalli than kevalam.theriyati google pani paar. Ilangai tamilan'ku enga ponalum oivu illai.

    • @2sangillis
      @2sangillis 2 ปีที่แล้ว

      @@craigslist1323 #TamilEelam need I say more? Worldwide citizens buddy.

    • @craigslist1323
      @craigslist1323 2 ปีที่แล้ว

      @@2sangillis world wide citizens ah? Tamilan Iraq Syria Madhiri naadodi avlo Dan.
      Srilankan pathi pesave venam, avanga Thalai la avangale manna Alli potukitanga.
      Tamilan avlo nallavana irundha Tamil Nadu eppovo munnerirukum.

    • @vicknaseelanjeyathevan4161
      @vicknaseelanjeyathevan4161 2 ปีที่แล้ว

      His arrest under project Beacon.
      USA,India and Srilanka with some western countries also. Because They need to ban the Tamil state in Srilanka. (This information get from Tamil language small paragraph. I believe we will get more information from UnevenJustice : The Plot to sink Galleon