Rajaratnam was released to home confinement in his Upper East Side Manhattan apartment, located on Sutton Place, in the summer of 2019.
Rajaratnam being released after 7 1/2 years, published his memoir, Uneven Justice, detailing the events surrounding his insider trading conviction and the alleged prosecutorial overreach he claims took place.
[11] Rajaratnam started his career as a lending officer at Chase Manhattan Bank where he specialized in business loans to technology companies.
U.S. Attorney Preet Bharara put the total profits in the scheme at over $60 million, telling a news conference that it was the largest hedge fund insider trading case in United States history.
[26] Rajaratnam was also accused of conspiring to obtain confidential information on the $5 billion purchase by Warren Buffett's Berkshire Hathaway of Goldman Sachs preferred stock prior to the September 2008 public announcement of that transaction.
The Wall Street Journal reported that a former member of the board of directors of Goldman Sachs and former McKinsey & Company chief executive Rajat Gupta told Rajaratnam about Berkshire's investment before it became public.
"[35] Rajaratnam alongside other private donors, partnered with the US State Department to fund mine detection dogs for humanitarian demining war-affected areas in Sri Lanka.
[36][better source needed] Rajaratnam was in Sri Lanka when the 2004 Asian Tsunami hit and donated $5 million to for the construction of 400 new homes for the island's various ethnic groups - Sinhalese and Tamils.
TRO’s assets were subsequently frozen by the US Department of the Treasury due to its alleged close connections to the Liberation Tigers of Tamil Eelam (LTTE).
The Sri Lankan justice ministry has acknowledged and thanked Rajaratnam for the millions of dollars contributed to rehabilitating child soldiers conscripted by the LTTE.
[44] He contributed to the Democratic National Committee and various campaigns on behalf of Barack Obama, Hillary Clinton, Chuck Schumer, and Bob Menendez.
[45] Talking to Andrew Ross Sorkin of Squawk Box on CNBC TV Rajaratnam highlights and explains the details of strategies employed to achieve his conviction.