Rajaratnam sued by ex-driver over wire transfers

Money On Hook

A former driver for Raj Rajaratnam has sued the one-time billionaire, claiming he was fired for complaining about secret wire transfers the founder of the Galleon Group hedge fund made to fellow prisoners following his conviction for insider trading.

The New York Post reports that Peter Malaszuk, a longtime assistant to Rajaratnam, sued his former boss, his wife, and a company she owns, saying the wire transfers were made to 20 inmates at the prison for several months, in violation of federal law.

The transfers were done at Rajaratnam’s direction 'in order to control such prisoners and obtain special treatment and accommodations in prison', according to the lawsuit, filed Friday in federal court in New Haven, Conn.

Malaszuk contended he was wrongfully fired for both complaining about the wire transfers as well as the use of an improperly notarized immigration document he said was used for Rajaratnam’s son.

To access the complete New York Post article hit the link below:

Rajaratnam paid off inmates for special treatment: suit 

NY Attorney General to sue Barclays for favouritism in dark pool


JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts