Rajaratnam: 'The Wire' meets Wall Street

Raj Rajaratnam outside court (Photo - Press Association)

The conviction of Raj Rajaratnam, founder of New York hedge fund Galleon Group, is a landmark for the financial services industry.

The case has proceeded against Rajaratnam, his colleagues, and several others within his insider group with the help of a substantial amount of wiretap evidence, something that has never been applied before. "It's probably the first time the US government has so aggressively used the tools of mob investigations such as wiretaps to go after somebody on Wall Street,"

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