Back to square one

Raj Rajaratnam’s house at 577 Rogues Hill has sold for $7.5 million to a buyer with a Miami Zip Code (33139). Raj paid $7.5 million for the place in May, 2000.

A couple of people I know who also know Raj insist that he got a raw deal when he was convicted of insider trading by a NYC jury in 2009 and sentenced to serve 9 1/2 years in federal prison. From what I’ve seen of New York juries, and what I remember from my studies of the law on insider trading — vague, undefined, selectively prosecuted — I can easily believe those friends. An interesting December 8, 2025 interview with the man can be found here.