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Caught on Tape: Rajaratnam's Brother Says 'We're (Expletive) Man'

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Published: Friday, 25 Mar 2011 | 11:23 AM ET
Scott Cohn By:

CNBC Senior Correspondent

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4/15/08

Rajiv Goel calls Raj Rajaratnam to tell him that "stuff is not happening as planned."

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4/20/08

Raj Rajaratnam and Rajiv Goel talk about a proposed investment by Intel's pension plans in Rajaratnam's Galleon funds. Goel is hoping to get a little credit for the deal, saying to Raj, "Tell him that you're not interested in taking Intel's money...unless Rajiv okays it."

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7/30/08

Rajiv Goel tells Raj Rajaratnam the $10 million investment "has been approved" (the deal ultimately did not go through).

(Additional reporting by Jim Forkin, Cat Corrigan and Laura Kurinsky)

More Dramatic Audio and Trial Details

The federal criminal trial of billionaire hedge fund mogul Raj Rajaratnam is the centerpiece of what prosecutors call the largest hedge fund insider trading investigation in history. But what truly sets this case apart from previous insider trading cases are the tapes—dozens of secretly recorded conversations that prosecutors say are proof Rajaratnam was part of a massive conspiracy.

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Secretly-recorded audio played by prosecutors reveals a phone conversation between hedge fund executive Raj Rajaratnam and his brother Rengan in which Rengan was concerned that the media had picked up on the deal.
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