We’ve all had bad airline experiences. Cabin’s too cold, guy next to us won’t stop coughing, drink cart hits our ankle while we’re sleeping, airline charges us $17 for a pillow made of gauze. Stuff like that.
But Rengan Rajaratnam, the little brother of imprisoned insider-trading hedge-fund manager Raj Rajaratnam, had a travel hell story for the ages. Rajaratnam the Younger was accompanied back from Brazil by a couple of FBI agents, according to Reuters, who arrested him for insider trading as soon as he got back to the U.S.(I’m not sure if the arrest happened when the plane crossed into U.S. airspace, or if they waited until the plane actually landed to cuff him. Either way, awkward for fellow passengers.)
RenRaj is facing charges on six counts of insider trading and one count of conspiracy over his involvement in the fiasco at the Galleon Group, where he worked for his brother as a portfolio manager. He was living in Brazil when the charges were filed, and came back to the U.S. voluntarily to surrender to authorities. It’s not known whether he still got to pick up his duty-free chocolates at JFK.
