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Jurors have been chosen Tuesday in the demo of Rengan Rajaratnam, a former Galleon Team hedge fund manager accused of conspiring with his older brother, Raj Rajaratnam, to have interaction in insider investing. The seven girls and five gentlemen picked as jurors for the federal trial in New York consist of a historical past professor, an auto elements shipping and delivery driver, a literary agent and a sanitation worker. Prosecutors accuse Rengan Rajaratnam, 43, of conspiring with his brother, the founder of Galleon, to trade on within data about engineering organizations Clearwire Corp and Sophisticated Micro Products Inc in 2008. Prosecutors say a tip about Clearwire received by Raj Rajaratnam and passed along to his young brother enabled Rengan Rajaratnam to receive $one hundred,000 personally and Galleon to experience $700,000. Rengan Rajaratnam has pleaded not responsible. His lawyer, Daniel Gitner, has argued that the authorities lacks proof that his client realized any within details was disclosed for a private reward. Dressed in a darkish grey go well with, Rengan Rajaratnam could be noticed at the start off of Tuesday's continuing speaking with Julie Blackman, a jury advisor recognized for advising white-collar defendant 信箱服務. Previous clients of Blackman have included SAC Capital Advisors portfolio manager Michael Steinberg, Goldman Sachs Team Inc board member Rajat Gupta, and Goldman Sachs vice president Fabrice Tourre. One likely juror who was not chosen informed U.S. District Choose Naomi Reice Buchwald that he was included in the creation of a fact criminal offense Television display. "This is truth," Buchwald said. Jury selection in the demo arrives a day following the U.S. Supreme Court docket left intact the insider investing conviction of Raj Rajaratnam, fifty seven, who is serving an 11-calendar year jail expression. A federal jury convicted him in May 2011 of nine counts of securities fraud and five counts of conspiracy. Opening statements in Rengan Rajaratnam's trial were predicted on Wednesday. The trial is predicted to last two to three months. The case is U.S. v. Rajaratnam, U.S. District Court, Southern District of New York, No. 13-00211.存倉