2011年10月13日，史上最大的对冲基金内幕交易案在美国纽约南区州法院宣判。被告是曾经的“对冲基金之王”：帆船集团总裁、斯里兰卡人拉杰?拉贾拉南(Raj Rajaratnam)。他和他的“帆船”集团被认定犯有14项内幕交易罪

On October 13, 2011,History of the largest hedge funds insider trading case in the United States, New York south side state court sentenced.The defendant is ever"The king of hedge funds":Sailing group President/Sri lankan pulled jie?Pull jia pull south(Raj Rajaratnam).He and his"sailing"Group convicted of a crime and insider trading

　　拉贾拉南 Pull jia pull south

　　2011年10月13日，史上最大的对冲基金内幕交易案在美国纽约南区州法院宣判。被告是曾经的“对冲基金之王”：帆船集团总裁、斯里兰卡人拉杰?拉贾拉南(Raj Rajaratnam)。他和他的“帆船”集团被认定犯有14项内幕交易罪。帆船集团因此而宣告破产，他本人更是被判处11年有期徒刑和上亿美元的巨额罚款。这艘来自南亚次大陆、曾经创下许多奇迹的“帆船”在华尔街触礁沉没。

On October 13, 2011,History of the largest hedge funds insider trading case in the United States, New York south side state court sentenced.The defendant is ever"The king of hedge funds":Sailing group President/Sri lankan pulled jie?Pull jia pull south(Raj Rajaratnam).He and his"sailing"Group convicted of a crime and insider trading.Sailing group so bankruptcy,He himself is sentenced to 11 years of imprisonment and tens of millions of dollars for a hefty fine.The ship from South Asia subcontinent/Once achieved many miracle"sailing"On Wall Street on the rocks sunk.

　　颇受争议的是，定罪的关键证据，是拉贾拉特与同伙的电话录音。美国联邦调查局采取窃听手段收集证据，虽然最终得到了法院的确认，却在庭审中引发热议。此案之后，对于金融犯罪的打击力度大幅加强，一些传统被禁用的侦查手段(比如窃听)也得以运用于金融犯罪之中。

Controversial is,Convicted key evidence,Elijah is pull pull characteristic and associates telephone recording.The United States federal bureau of investigation to take interception methods to collect evidence,Although the final got court confirmation,But during the court session trigger hot debate.After the case,For financial crime crackdown greatly improve,Some traditional disabled reconnaissance means(Such as eavesdropping)Can also use of financial crime.

　　南亚人实现的美国梦 South asians realization of the American dream

　　资深财经作家马克?洛奇曾经这样描述一位交易员进入交易大厅初日的情形：“他拿到了代表初级交易员身份的门卡。进入交易大厅，里面放满了电脑、手机电池、专业年鉴和美国小国旗。走进大厅深处的抵押贷款部，喧哗声更大了。交易员们眼睛紧盯着屏幕，嘴唇贴着麦克风。同事们的脑袋里都是对金融分析和数学计算公式的热爱。这时，他想起电影《华尔街》里的那句著名台词：‘如果你想在交易大厅找个好朋友的话，那就牵只狗吧。’”

Senior financial writer mark?Rocky once described this way a traders enter the trade lobby, at the beginning of the situation:"He got the representative primary traders identity card door.Into trading hall,Filled with computer/Mobile phone battery/Professional yearbook and American small flag.Enter the hall depths of mortgage advance department,Sounds more big.Traders staring at the screen,Lip stick a microphone.Colleagues head is on the financial analysis and mathematical calculation formula of love.At this time,He thought of the movie[Wall Street]The other famous lines:‘If you want to on the trading floor to find a good friend's words,That guy's dog.’"

　　1985年，28岁的拉贾拉南就是这样作为一个交易员步入了华尔街的金融世界。拉贾拉南，1957年出生于斯里兰卡一个家境优裕的商人家庭。1971年，他随父母一家移民至英国。16岁他考入在英国排名20位左右、但以左翼激进主义和社会自由主义闻名的英格兰萨克西斯大学。毕业后，他获得了摩根大通纽约曼哈顿总部的工作机会。两年之后，他进入宾夕法尼亚大学沃顿商学院继续深造，并于1983年获得工商管理硕士学位。拉贾拉南此时已经有了让大多数人艳羡的资本。1985年，他进入尼德汉姆投资银行，成为一名交易员。

In 1985,,28 pull jia pull south is such as a trader marched into the Wall Street financial world.Pull jia pull south,Born in 1957 in Sri Lanka a family circumstances in clover businessman family.In 1971,,With his parents a immigration to Britain.16 he entered in Britain ranked twenty or so/But the left-wing radicalism and social liberalism famous England sarkozy sith university.After graduation,He won the Morgan chase Manhattan headquarters job opportunities.After two years,He entered the university of Pennsylvania's Wharton school of business continues to pursue advanced studies,And in 1983 an mba degree.La jia pull south now have let most people envy of the capital.In 1985,,He entered the DE ham investment bank,To become a trader.

　　南亚人拉贾拉南并没有在华尔街激烈的竞争中退缩。相反，凭借出色的判断能力和交易业绩，他在升迁路上走得相当顺利。入职两年之后，他就成为了投资研究部的负责人。1989年，他更是被任命为公司的首席运营官，两年之后成为投资部门的总裁。这是一个“美国梦”的经典故事。从一个人口不足两千万的南亚小国而来，十年后成为华尔街投行界的精英。

South asians pull jia pull south and not on Wall Street to back down from a fierce competition.instead,With good judgment and trading performance,He in the promotion the way go quite well.Induction after two years,He became the head of the investment research.In 1989,,He is to be appointed chief operating officer,Two years later became the President of investment department.This is a"The American dream"Classic story.From a population of less than twenty million south Asian and small,Ten years later become Wall Street boundary elite.

　　但这并不是拉贾拉南个人事业的顶峰。1992年，尼德汉姆公司成立了尼德汉姆新兴成长合伙基金，交由拉贾拉南全权负责。他带领这只对冲基金，游走于高科技和医药健康行业，收益颇丰。渐渐地，尼德汉姆公司已经容不下这只来自南亚的“猛虎”。1997年，拉贾拉南将这只对冲基金从尼德汉姆公司收归自己旗下，并更名为“帆船”(Galleon)。

But this is not to pull jia pull south personal the peak of his career.In 1992,,The German ham company established, DE ham emerging growth partnership fund,To pull jia pull plenary powers is responsible for the south.He led this only hedge funds,Wandering in the high-tech and medical health industry,Benefited a lot.gradually,The German ham company has not contain this only from South Asia"tiger".In 1997,,La jia south will pull this only hedge funds from the German ham company under the nationalization of yourself,And renamed as"sailing"(Galleon).

　　Galleon，是16世纪至18世纪欧洲各国广泛使用的一种大型多甲板重型帆船。无论是做为战争还是商业航海用途，它通常都配备多门重型加农火炮。这种帆船为西班牙和葡萄牙开拓殖民地，作出了巨大贡献。为自己的基金命名为“帆船”的拉贾拉南，或许也有这样开疆拓土、征服世界的雄心。这艘“帆船”在他的掌舵下，迅速成为了华尔街上的明星，并成为了世界上最大的对冲基金之一。

Galleon,Is from the 16th to the 18th century Europe countries widely used a large deck heavy sailing.Whether as a war or commercial navigation purpose,It is usually are equipped with many heavy cannon artillery.The sailing boat for Spain and Portugal colonize,Make a great contribution.For his own fund named"sailing"Pull jia pull south,Maybe the warriors also have such extension soil/Conquer the world of ambition.The ship"sailing"In his next at the helm,On Wall Street quickly become a star,And became the world's largest one of hedge funds.

　　帆船集团管理的对冲基金在连续多年保持20%以上投资回报之后，在2008年到达了最高峰，管理的基金总额超过70亿美元。与此同时，他本人也成为了“投资界的新超级巨星”。2001年，在约翰威立父子出版公司出版的《投资界的新超级巨星：十三位伟大的投资人和他们的战略》一书中，他被列为了罗伯斯顿和索罗斯等金融家之后的新一代投资明星。他不仅成为斯里兰卡首富，还在2008年登上了《福布斯》杂志美国富豪榜，排在第262位。并在2009年再度以18亿美元个人资产上榜，排名更是上升至了第236位。

Sailing group management of hedge funds in the continuous years keep more than 20% after the return on investment,In 2008 reached the peak,Management of the fund worth more than 7 billion dollars.meanwhile,He himself became"Capital new superstar".In 2001,,In John's father made of publishing companies[Capital new superstar:13 a great investors and their strategy]book,He is listed as the robles meal and soros financiers such as after a new generation of investment star.Not only did he become Sri Lanka's richest man,Also conquered in 2008[Forbes]The magazine's list of the richest,Ranked no.And again in 2009 to $1.8 billion personal assets list,Ranking is rose to the 236th.

　　“国王”的线人 "The king"informant

　　拉贾拉南曾告诉他的朋友，他的名和姓在印地语中都是国王的意思。他很喜欢别人称呼他为“国王中的国王”。而2011年的秋天，这个曾在对冲基金业呼风唤雨的“王者”不得不坐在美国联邦法院的被告席上。

La jia pull south told his friend,His name and last name in Hindi is the meaning of the king.He is like the other people call him"The king of Kings".And in the autumn of 2011,This was in the hedge-fund industry it's raining"king"Forced to sit the federal court's dock.

　　或许这一切都早在1985年他刚刚进入尼德汉姆公司，就已经注定。他在尼德汉姆时的老板乔治?尼德汉姆(George Needham)要求手下的分析师们尽可能多地了解所负责行业内的公司信息。不论是坐飞机时，还是在酒吧喝酒，任何时间、任何地点都不要放过探查消息的机会。拉贾拉南刚开始做分析师的时候，正值半导体行业高速发展，大量的亚裔工程师和管理人员进入这一行业，并崭露头角。能言善辩的拉贾拉南迅速地在硅谷的南亚侨民社交圈中建立了人脉。

Maybe all this as early as in 1985 he just enter the DE ham company,Is already determined.He's in the ham boss George?The German ham(George Needham)Under the requirements of the analysts learn as much as you can about the company in the industry are responsible for information.No matter when by plane,Or in the bar,Any time/Any place don't pass probe news opportunity.La jia pull south just began to analysts' time,As the rapid development of semiconductor industry,A large number of Asian engineers and management personnel to enter the industry,And come to the fore.Articulate pull jia pull south quickly in silicon valley south Asian nationals in the social contacts established.

　　1990年代，微软的Windows系统带动了英特尔微处理器的蓬勃发展。到了1994年初，强劲的竞争对手AMD进入市场，开始挑战英特尔。就在所有投资者都还在观望AMD能否打破英特尔的市场垄断之时，拉贾拉南已经通过人脉关系，提前获知AMD的收益情况，并大举买入该公司股票。

In the 1990 s,Microsoft's Windows system drive the Intel microprocessor vigorous development.By early 1994,Strong competitors AMD to enter the market,A challenge to Intel.In all investors are still in wait-and-see AMD can break Intel's market of monopoly,La jia pull south has through the connections,The yield of early learn AMD,And massive buying the company stock.

　　果然同年4月，AMD财报表明，其芯片销售收入大大好于预期。拉贾拉南管理的对冲基金赚了个盆满钵满。对此，业界一面赞誉他眼光独到，一面开始怀疑他是否有着特殊的信息来源。英特尔和AMD甚至为此事召开内部会议，研究拉贾拉南究竟为何能够精准地预估公司的年收益。

Indeed as expected the same year April,AMD results show that,The chip sales revenue is greatly better than expected.La jia pull south management hedge funds made piles.this,The industry a praise his original vision,One side began to doubt whether he has a special sources of information.Intel and AMD even for this matter at an internal conference,Research pull jia pull south exactly why can accurately estimate the company's annual earnings.

　　这一“出格”之举，令尼德汉姆公司有些招架不住，内部甚至出现了“赶走不规矩的南亚人”的声音。于是，在内外压力之中，1996年11月，拉贾拉南离开了效力长达11年之久的公司，在距离老东家仅一条马路的街角，创建了他的帆船集团。拉贾拉南从此不再需要接受公司董事会的监督，开始了带有他自己鲜明特色的“成功”之路。这个时期的拉贾拉南经常从一些企业的技术总监等高层那里套取信息，并且要求他手下的分析师和交易员也都这么做。

this"revolutionary"an,Make the DE ham company confederation,Internal even appeared"Away misbehaved south asians"voice.so,In the inside and outside of pressure,In November 1996,La jia pull south left the effectiveness for 11 years company,In the distance the old club only on the corner of a road,Create his sailing group.La jia pull south never need to accept the supervision of the board of directors of the company,Started with his its own distinct features"success"road.This period of la jia pull south often from some enterprise's technical director top there show the information,And asked his men to analysts and traders are also do so.

　　1998年3月，拉贾拉南再次受到英特尔公司的怀疑。英特尔公司的监控系统发现，一名叫做洛米?卡恩(Roomy Khan)的职员向拉贾拉南传真了若干份被标记为“英特尔机密”的文件。文件内容涉及英特尔芯片订单及其价格，由此可以推算出英特尔的季度收入。卡恩由此被称为“国王的线人”，而被英特尔解职。解职后不久，她便加入了拉贾拉南的帆船基金，并于一年后再度离职。

In march of 1998,La jia south again pull by Intel's doubt.Intel's monitoring system found,A called los meters?kahn(Roomy khan)Staff to pull jia pull south fax a number of a be marked"Intel confidential"files.The contents of the documents involved in Intel chip order and its price,It can be calculated Intel's quarterly earnings.Kahn thus is called"The king's informant",And be Intel fired.Sacked shortly after the,She was joined the pull jia pull south sailing fund,And in a year later leave again.

　　2005年，还是这位卡恩小姐，为拉贾拉南带了巨额收益。她在IT行业内飘荡了数年之后，再度找到拉贾拉南，表示投资失败，希望再度加入他的团队。拉贾拉南“开诚布公”地询问这位前任“线人”能否为公司带来一些上市公司的内幕消息。卡恩表示，她或许有办法获得视频会议公司宝利通(Polycom)的一些情况。她的消息来源是宝利通的前任高管——苏尼尔?布哈拉(Sunil Bhalla)，他也是一位南亚移民。在2006年两人频繁的电话中，布哈拉向卡恩透露公司的季度收益将大大好于市场预估。于是，在宝利通发布季度报表前夕，帆船基金分别短期购入大量股宝利通股票，非法获利近50万美元。卡恩本人也通过自己的私人账户买入，盈利35万美元。

In 2005,,Or the miss oliver kahn,For la jia pull south brought huge benefits.She wanders in the IT industry in several years later,Once again find pull jia pull south,Said investment failure,Hope to join his team again.Pull jia pull south"open"To ask the former"informant"For the company can bring some listed companies inside information.Kahn said,She may have a way to capture video meeting company LiTong treasure(Polycom)Some information.The source of her information is treasure LiTong former executives - sunil?bokhara(Sunil Bhalla),He is also a south Asian immigrants.In 2006 two people frequent phone,Bokhara to oliver kahn has revealed the company's quarterly earnings will greatly better than market estimate.so,In its quarterly report on the eve of LiTong treasure,Sailing funds were short-term buy a large number of shares treasure LiTong stock,Illegal profit nearly $500000.Kahn himself through his own private account to buy,A profit of 350000 dollars.

　　不久，卡恩又从一位亲戚的朋友那儿得知黑石集团(Blackstone)将以260亿美元收购希尔顿集团(Hilton)的消息。2007年7月2日，收购计划公布的前一日，“帆船”大举出击，购入40万股希尔顿股票。次日，收购计划公布，股价大幅上扬。一夜之间，“帆船”斩获400万美元收益。为了加固这张关系网，拉贾拉南还以时任英特尔投资部的战略投资主管拉吉夫?戈尔的名义买入7500股希尔顿股票，帮助他获利7.8万美元——而这，亦成为这张关系网被撕裂的突破口之一。

soon,Oliver kahn and from a relative friend there that black stone group(Blackstone)Will be $26 billion acquisition of Hilton(Hilton)news.On July 2, 2007,The takeover plan of released the day before,"sailing"Massive attack,Buy 400000 shares Hilton stock.The next day,Acquisition announcement,Share price surged.overnight,"sailing"Gained ground $4 million earnings.In order to reinforce this piece of relationships,La jia pull south in the Intel investment department strategic investment competent rajiv?Gore's name to buy 7500 shares Hilton stock,Help he earned $78000 - and this,Also be on this network is one of the breach of the tear.

　　距离希尔顿交易仅仅不到一个星期，卡恩又从任职于投资者关系顾问公司的咨询师萨马拉?侯赛因(Shammara Hussain)处得知，谷歌2007年第二季度每股收益将比上季度减少25美分。在谷歌公布财报之前的一周内，拉贾拉南又策动他手下的两只对冲基金帆船科技(Galleon Tech)和帆船船长(Galleon Captains)持续做空该公司股票，共获利超过900万美元。

Distance Hilton trading only less than a week,Oliver kahn and from employment in investor relations consulting company consultants samarra?hussein(Shammara Hussain)learned,Google 2007 in the second quarter earnings per share will be better than the last quarter reduce 25 cents.In Google announced before the earnings within a week,La jia pull south and instigate his hand two hedge funds sailing technology(Galleon Tech)And sailing boat captain(Galleon Captains)I continue to do empty the company stock,Profit total more than 9 million dollars.

　　窃听器对准华尔街 Bug on Wall Street

　　帆船大举利用“消息”进行交易，早已引起了监管部门的关注。然而，拉贾拉南一贯小心谨慎，没有露出什么马脚。早在2001年，纽约金融监管局就已经盯上了卡恩，并准备和她进行“辩诉交易”，牵出她背后的拉贾拉南。卡恩也已经接受了控方提出的条件，承认了轻罪并表示愿意协助政府调查拉贾拉南案。然而，随着调查的深入，检察官发现自己掌握的证据不足以进行起诉，最后不得不中断了调查。

Sailing massive use of"news"transactions,Already caused the concern of the supervision department.however,La jia pull south always cautious,What did not show his bag.As early as in 2001,New York financial supervision bureau has marked the kahn,And prepare and her"Plea bargaining",Pull out behind her pull jia pull south.Oliver kahn has also accepted the prosecution conditions,To admit that the misdemeanor and offered to assist government survey pull jia pull south case.however,With the deepening of the research,Prosecutors found their mastery of the evidence is not sufficient to prosecution,Finally had to interrupt the investigation.

　　2007年7月，调查人员再次在两笔可疑交易案中发现了卡恩和帆船集团的身影。这就是前面提到的希尔顿酒店集团和谷歌公司交易案。然而交易记录固然有据可查，内幕信息的传递和利用就难以取证了。于是，控方开始向司法部和联邦调查局求助，一方面申请司法部批准对拉贾拉南的电话进行窃听，另一方面请求联邦调查局在“技术上”予以支持。

In July 2007,Investigators again in two pen suspicious transactions case found kahn and sailing group's figure.This is mentioned Hilton Hotel group and Google company trading case.However transaction record is documented,Insider information transfer and utilization of it will be difficult to the evidence.so,The prosecution began to the department of justice and the federal bureau of investigation for help,On the one hand to pull the justice department for approval of Elijah pull south telephone interception,On the other hand request in the federal bureau of investigation"technology"To support.

　　然而，在此之前，窃听手段一般只能用于有组织犯罪、贩毒和恐怖主义等案件；在内幕交易等金融犯罪案件中，还从未适用过窃听手段。因此，经历了冗长的申请程序后，直到2008年检方才获得了对拉贾拉南和帆船公司进行窃听的秘密侦查许可。

however,Before this,Interception means general can only be used for organized crime/Drug trafficking and terrorism cases;In the insider trading and financial crime cases,Have never apply a wiretap means.therefore,Experienced long application program,Until 2008 yearly check have got to pull jia pull south and sailing company for wiretap secret investigation license.

　　于是，一年多内，美国联邦调查局共收集了上百条与拉贾拉南有关的电话录音。其中他与五名上市公司高管之间的电话录音，更是成为最终定案的证据。这五名上市公司高管分别是麦肯锡顾问公司董事库马尔、IBM资深副总裁莫弗特、贝尔斯登旗下对冲基金纽卡斯尔经理奇西和纽卡斯卡高级董事及合伙人库兰。据电话录音显示，这六位商业巨子涉嫌于2006年至2008年间，利用内幕消息，在希尔顿、谷歌、计算机芯片商AMD等10家公司的股票交易中，非法获利达2000万美元。

so,In more than a year,The United States federal bureau of investigation collected article hundreds and pull jia pull south about telephone recording.In which he and five executives of listed companies between telephone recording,This is a final verdict evidence.This five listed company executives were McKinsey consultant company directors kumar/IBM's senior vice President mo eph/Bear stearns's hedge funds Newcastle manager odd west and Newcastle card senior director and partner library LAN.According to the telephone recording display,These six commercial giant suspected from 2006 to 2008,Use of inside information,At the Hilton/Google/Computer chips quotient AMD etc. 10 companies in stock trading,Illegal profit of 20 million dollars.

　　其中，拉贾拉南的另一位“线人”纽卡斯尔基金交易员、选美小姐出身的丹妮尔?基耶西与他的电话录音也在法庭上公布。基耶西小姐随后出庭承认了帮助拉贾拉南获取内幕信息的行为。她曾于2008年时与拉贾拉南通电话，透露她用美色获得的一家技术企业的信息。她甚至自信满满地说：“我的男人(该技术企业高管)刚给我打过电话。他就像一架调好音色的钢琴那样听话。”

the,La jia pull south another"informant"Newcastle fund traders/Miss beauty a danielle?Base Jesse and his telephone recording also revealed in court.Base miss Jesse then to appear in court to admit that the help pull jia pull south get inside information behavior.She had in 2008 and pull jia pull nantong telephone,Revealed her beauty get a technology enterprise information.She even confident to say:"My man(The technology enterprise executives)Just call me.He is like a frame adjusted the tone of the piano so obedient."

　　屋漏偏逢连夜雨。在拉贾拉南被控内幕交易的同时，他曾经施以“金援”的政客们(其中甚至包括总统奥巴马、国务卿希拉里)无法站出来帮助他。因为有议员提出，拉贾拉南一直都在资助斯里兰卡反政府游击队泰米尔猛虎组织。一份法院文件证实，拉贾拉南与一个向猛虎组织提供资金的空壳慈善组织有着密切关系。资助恐怖主义已是冒天下之大不韪，于金融危机之时又涉嫌以内幕信息大赚黑金，这双重重罪使得没有人敢于站出来，拯救这只正在漏水下沉的“帆船”。

The house leaks it never rains but it pours.In la jia pull south was accused of insider trading at the same time,He had with"Prerogative of the"politicians(Some even including the President barack Obama/Secretary of state Hillary Clinton)Can't stand up to help him.Because there are lawmakers,La jia pull south have been funding Sri Lanka anti-government guerrillas Tamil tigers.A court documents confirm,Pull with a pull jia south to the tigers funded shell charity organization has the close relation.Sponsor terrorists is against the world,The financial crisis and suspected insider information to make black gold,This double felony makes no one dared to stand up,Save this only is leaking sinking"sailing".

　　“国王拉贾拉南恐怕很难翻身了。”一位华尔街评论员这样说道。

"The king and I'm afraid it is difficult to pull jia south the blow."A Wall Street commentator said so.

　　他是研究朋友名单的大师 He is the master of the friends list

　　为了打击这宗有史以来最为严重的内幕交易丑闻，同时也是美国历史上最大宗的对冲基金内幕交易案，联邦调查局的探员和政府检察官查阅了成堆的文件档案，说服了十多名共犯转作污点证人，并获得了数百段电话录音证据。最终于2009年10月将拉贾拉特南逮捕归案。与他共同被羁押的，还有多位声名卓著企业的高管，包括麦肯锡咨询公司的合伙人，IBM的高级副总裁，英特尔资本的董事总经理等。

In order to strike the Pope of history's most serious insider trading scandal,At the same time is also the history of the United States the largest hedge funds insider trading case,The federal bureau of investigation agents and government prosecutors refer to the piles of documents and files,Persuaded more than 10 accomplice turned to be stain witness,And won hundreds of period of telephone recording evidence.Finally in October of 2009, the year will pull jia la's south arrest.And he common held in custody,There are many post-regulatory-reform era enterprise executives,Includes McKinsey, a consultancy, partner,IBM's senior vice President,Intel capital managing director, etc.

　　对此，美国证监会(SEC)执法部主任库扎米(Khuzami)说：“他不是宇宙的大师，而是研究朋友名单的大师。他营造了一个高阶管理层和内部人士的网络，并打入圈子内部获取季报和有关购并的企业机密。”在证券监管部门、联邦调查局和政府检察官的共同努力下，关于拉贾拉南案的定罪证据链条已经基本合龙。

this,The securities(SEC)Law enforcement department library firm meters(Khuzami)said:"He is not the master,But the master of the friends list.He built a high order management and insiders network,And enter the circle internal obtain quarterly report and related acquisitions enterprise confidential."In the securities regulatory department/The federal bureau of investigation and the joint efforts of government prosecutors,About la jia pull the south conviction evidence chain has been basically closure.

　　案件审理第六周之后，“帆船”的清盘注定无可挽回。拉贾拉南向法庭交纳了1亿美元保释金后，回到帆船集团总部。他关闭旗下全部对冲基金，“帆船”沉没了，然而对拉贾拉南个人的诉讼才刚刚开始。美国联邦调查局诉称，拉贾拉南利用来自于企业内部人士和对冲基金交易员的内幕交易信息，获得或规避损失总计达6380万美元。

In case 6 weeks later,"sailing"The liquidation doomed irreversible.La jia pull south court pay $100 million bail,Back to sailing group headquarters.He shut down all its hedge funds,"sailing"sank,But to pull jia pull south personal litigation has just begun.The United States federal bureau of investigation v. says,La jia pull south use from enterprise insiders and hedge fund traders insider trading information,Get or evade loss totaled $63.8 million.

　　2011年5月11日，拉贾拉南在纽约南区州法院受审。陪审团宣布，拉贾拉南密谋进行内幕交易和欺诈的14项罪名成立。10月13日，纽约南区州法院再次开庭。霍维尔法官(Judge Richard Holwell)宣布了对拉贾拉南的刑事处罚：有期徒刑11年。这一刑期，低于检方所控的19年半。法庭对此的说法是，拉贾拉南的糖尿病已恶化，可能面临肾衰竭的危险。“对身患重病的囚犯而言，监禁产生的惩罚效果更大。”法官解释道。

On May 11, 2011,La jia pull south in New York south side state court of justice.The jury,La jia pull south plotting to engage in insider trading and fraud 14 convicted.October 13,The New York state court hearing again.HuoWeiEr judge(judge Richard Holwell)Announced to pull jia pull south criminal punishment:Imprisonment 11 years.This sentence,Below the prosecutors accused have 19 year and a half.The court this argument is,La jia pull south diabetes has worsened,May face the risk of renal failure."Suffering from serious illness to prisoners in,In prison produce punishment effect more."The judge explained.

　　与此同时，法庭判罚拉贾拉南1000万美元，同时命令他退还5380万美元非法所得。法官还满足了拉贾拉南的要求，即前往位于北卡来罗纳州巴特纳的监狱服刑——那是金融巨骗伯纳德?麦道夫服刑的场所——大概拉贾拉南觉得麦道夫所选择的“市场”也将有不少“优惠信息”。

meanwhile,The court decisions pull jia pull south 10 million dollars,At the same time ordered him to return $53.8 million illegal income.The judge also meet the requirements of pull pull jia south,That is to the north Carolina state BaTeNa of prison -- that is financial giant cheat Bernard?Douglas serve husband places - probably pull jia pull south think Douglas husband chosen"market"Will also have a lot of"Preferential information".

　　刑事审判结束三天后，美国证监会代表投资者向拉贾拉南提起了民事诉讼。在这起民事诉讼中，法官宣布拉贾拉南败诉，须向美国证监会赔偿9280万美元。刑事审判与民事审判合计使拉贾拉南付出了1.5亿美元的天价赔偿。等待着他的，还有11年的监禁。用律师的话说：“对健康状况堪忧的拉贾拉南来说，长期监禁无疑于死刑。”

Criminal trial ended three days later,The securities on behalf of investors to pull jia pull south filed a civil action.In the civil lawsuit,The judge declared pull jia pull south the losing,To the CSRC shall be compensation of $92.8 million.Criminal justice and civil trial aggregate that pull jia pull south pay a whopping $150 million compensation.Waiting for his,There are 11 years in prison.With a lawyer as saying:"For health as poor pull jia pull for the south,Long prison terms without doubt in the death penalty."

　　拉贾拉南这位“国王中的国王”，曾经的华尔街青年才俊，曾经在美国梦中找到自我价值的南亚移民，曾经叱咤风云的投资超新星，就这样走向了晦暗的后半生。而内幕交易这一致其富可敌国的“成功秘诀“，亦正成了最终害他身败名裂的鸩毒迷药。或许，令他走上这条不归路的，还有那永远无法自控、无穷无尽的贪婪和欲望吧。

La jia south the pull"The king of Kings",Once the Wall Street boy wonder,Once in the United States a dream to find self value of the south Asian immigrants,Once has-been investment supernova,So to the rest of dark.And insider trading this consistent its its fabulously rich"Recipe for success",Also is a final against his downfall of the poisoned wine fan medicine.perhaps,Make him on this portion of article,Still have that will never be able to control/Endless greed and desire it.