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.

Tamil Tigers for Hillary

No doubt once she's reached for comment, if anyone bothers to question her about it, she'll say she had no idea her campaign was accepting money from a member of a known terrorist organization.

Curious how the major newspapers and television outlets have no interest in this story.

On December 4, 2007, we reported that members of the terrorist organization Liberation Tigers of Tamil Eelam (LTTE), more commonly known as the Tamil Tigers, were arrested in New York for their plot to use stolen credit card numbers and other methods to steal $250,000 in New York “and tens of millions from ATMs worldwide.”

One of the men arrested worked three jobs at Newark Airport as a security agent and baggage handler with complete security clearance. The Tamil Tigers are well known for their use and “perfection” of terrorists’ “suicide belts” and vests, and the use of females as suicide bombers as illustrated in our report published earlier this month.

Further investigation conducted by this investigator of Tamil Tiger activity in the U.S. confirmed published reports that at least one well-known supporter of that terrorist organization, 56 year-old New Jersey resident Ramanathan Ranjan is actively soliciting funds for New York Senator and Democratic presidential candidate Hillary Rodham Clinton

Ranjan, of New Brunswick, NJ was identified as an approved recipient for funds solicited by Pat Pathmakumar through her e-mail campaign containing “Tamils for Clinton” in the subject line. A fundraising event this week in New Jersey at The State Theater in New Brunswick, advertised on Clinton’s web site, offered potential donors tickets ranging from $100 - $2,300, depending upon seat selection. Although the referral list has been removed from the site, the Northeast Intelligence Network was able to secure a list of referrals that included the names of both Ranjan and Pathmakumar.

Notably, Ranjan was an organizer of “LTTE Heroes Day,” an event that praised and eulogized LTTE terrorists and homicide bombers on December 2, 2006. That event was held in the auditorium at the south Brunswick Middle School in New Brunswick, New Jersey. According to reports of the event, the terror group’s flag was raised as those in attendance sang the LTTE anthem.

Reader Larwyn tipped me to this site detailing LTTE activities.

New Jersey residents have expressed the fear, that LTTE or the Tamil Tigers could flush supporters with millions of dollars, to buy influence over the next possible President of the United States of America by infiltrating into democratic fund raising machine.

An email distributed by a female activist, Pat Pathmakumar for the group under the name "Tamils for Clinton" has appealed to contribute for the Clinton fund by sending checks to her or a man named Ram Ranjan, a man who organized the LTTE Heroes day meeting in New Jersey last year. Ranjan has publicly admitted he raised funds for LTTE front, the Tamil Rehabilitation Organization (TRO).

The terrorist group, that introduced innovative methods like suicide jackets to many terrorist groups in the world, is listed as a foreign terrorist group by the State Department and the US Federal police , the FBI has alleged that the group had offered to them millions of dollars as bribes to lift the ban. The group is alleged to be using bribes to buy influence in India, Malaysia and Sri Lanka. The money is being earned mostly by fraudulent business, credit card scams, drug running, voluntary fund raising and extortions of the Tamil Diaspora, according to a recent report of the Jane's Defense weekly.

According to the Clinton website, a leading LTTE activist, who came to live in New Jersey in 1994, called Ram Ranjan is one of the fund raisers of the Clinton campaign. Several others who are connected with him are also listed among the fund raisers.

If you think the Tamil Tigers are some innocuous group, well, think again.

The Tamil Tigers have conducted a long, violent struggle -- including the use of suicide bombings -- against the Sri Lankan government to establish a separate Tamil state. The State Department labeled the Tamil Tigers as a foreign terrorist organization in 1997. The paramilitary organization cannot legally raise money or buy sensitive military equipment in the United States. But experts said the Sri Lankan rebels have skirted the ban by seeking out arms in other countries.

The name Ramanathan Ranjan is also listed here as having donated to NJ Democrat Congressman Rush Holt.