Galleon’s Rajaratnam Asks Judge to Reduce Bail

Raj Rajaratnam, the Galleon Group hedge fund founder accused of directing an elaborate insider-trading ring, told a judge he’s being treated worse than Bernard Madoff and asked that his bail be cut to $25 million. Rajaratnam, 52, requested in a letter yesterday that his $100 million bond be reduced. Bloomberg's Monica Bertran reports. (Source: Bloomberg)

Bloomberg | October 30, 2009

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