Democrat Donor Charged With Insider Trading, Has Suspected Terror Ties

Naturally, you have to play Name That Party since this New York Times report makes no effort to look into who one Raj Rajaratnam likes to generously donate money to.

Federal prosecutors charged 14 hedge fund employees, lawyers and other investors with trading on insider information on Thursday, in a series of criminal complaints that all appear to be connected to charges already filed against the hedge fund billionaire Raj Rajaratnam.

The broadest of the complaints names seven defendants, including Arthur J. Cutillo, a lawyer at the prestigious firm of Ropes & Gray, who is accused of offering tips on impending takeovers that the firm worked on. The tips were then passed among a group of lawyers and traders who, in the hopes of avoiding detection, used prepaid cellphones, referred to stocks by fake names and met in cars. Some members of the ring were paid off in cash, according to the complaint.

The two men identified as leaders of the group, Zvi Goffer and Craig Drimal, are former employees of the Galleon Group, Mr. Rajaratnam’s hedge fund company. F.B.I. agents trailed members of the ring for more than two years, according to the complaint.

Mr. Rajaratnam, who was arrested last month and charged with trading on inside information, is now returning money to investors and winding Galleon down.

As to who Rajaratnam donated to see if some of these names look familiar. Hey, there's Barack Obama, Hillary Clinton, Charles Schumer and Robert Menendez.

How cozy. As if Clinton didn't have her own issues with Norman Hsu and Schumer getting all that dirty Bernie Madoff money. But it seems Rajaratnam was really overcome by Hope and Change last August, forking over $30,800 himself. A nice donation to the DSCC of $26,700 in 2006 when Schumer ran it as well.

OK, so here we have a man throwing all sorts of money to Democrats, yet this isn't even noted by the Times.

The FBI arrested and indicted Sri Lanka born U.S. hedge fund magnate Raj Rajaratnam, according to the details disclosed by the ABC news network, has given more than US $3.5 million to the Tamil Rehabilitation Organization (TRO) whose assets were frozen by the U.S. Treasury Department in November 2007 because of its alleged ties to Sri Lanka’s Tamil Tigers.

Rajaratnam is the single largest known U.S. contributor to a charity linked to the Tamil Tiger terror group in Sri Lanka, according to the ABCNews.com.

ABC also notes that the TRO fund coordinator Ranjithan's home was raided by the FBI in 2006 because of his ties to TRO.

Raj Rajaratnam is also known as a big donor to the Democratic Party and to Obama campaign last year.

It turns out arrested hedge fund manager Raj Rajaratnam -- charged in a $20 million insider trading case -- has given big to the party in power.

Here's an AP account noting he's an obvious flight risk. Ties to terrorists and Democrat mentioned?

Of course not, silly.

Just wondering: You suppose if a major GOP contributor with ties to a terrorist organization was charged with insider trading that his ties would be mentioned in the news accounts?

He you have the NY Times and Associated Press, the Obama Approved Media with theirlayers of editors and fact checkers and army of reporters, manageing to avoid a potential blockbuster story that we can unearth in 10 minutes.

It's not bias. It's intentional omission of facts. Why? Becasue it would damage their bosses, the Democrats.