这篇雅思阅读材料的主要内容纽约曼哈顿联邦法院对帆船集团的老板做出裁决,认定其有罪,从而使这桩华尔街25年来最大规模的内幕交易案落下帷幕。下面是详细内容。
The Galleon trial
Rajaratnam guilty as chargedIN A phone call recorded by the government in 2008, Raj Rajaratnam, the boss of Galleon Group, a large hedge fund, called Danielle Chiesi, an executive at another fund, to thank her for sharing a tip. “But it’s a conquest, right?” he asks her. “It’s a conquest,” she responds. “You’re a warrior. I’m a warrior.”
On May 11th Mr Rajaratnam lost the battle he was fighting against government prosecutors. He was convicted on 14 counts of securities fraud and conspiracy, and faces up to 205 years in prison when he is sentenced in July. A New York jury found that Mr Rajaratnam made nearly $64m from trading based on tips he ferreted out from a network of corporate executives and traders about firms like Goldman Sachs, Google and Intel. He rewarded them generously for confidential information. He paid Anil Kumar, then an executive at McKinsey, $500,000 a year for tips about the firm’s clients, for example.
This is the first insider-trading case in which the government has used wiretaps, and they were pivotal in Mr Rajaratnam’s conviction. The jury heard dozens of conversations that showed him as foul-mouthed, boastful and conniving. In one Mr Rajaratnam and his brother, Rengan, talk about getting another McKinsey executive to leak information. “Everybody is a scumbag,” says Rengan, and they laugh.
Mr Rajaratnam, a risk-taker in his trading, took the same approach to fighting the government’s charges against him. He hired a public-relations manager to set up a website, rajdefense.org, which attacked supposedly biased news articles and posted documents relevant to his case. His lawyers argued that the information Mr Rajaratnam traded on was publicly available, pointing to news reports that speculated about upcoming deals and results.
But it proved impossible to distract the jury from what was said in those calls. The defence case also stumbled when Rick Schutte, a former Galleon president who testified that Mr Rajaratnam was just a meticulous researcher, revealed under questioning that Mr Rajaratnam and his family had invested $25m in his new hedge fund.