Raj Rajaratnam Sells on Sutton Place
cityfile · 02/12/10 09:05AM• Time to sell off assets to pay the lawyers! Raj Rajaratnam, the scandal-plagued hedge fund billionaire who was arrested for fraud last October and has since been charged with masterminding the largest insider-trading racket in decades, has sold one of the apartments he owns at 60 Sutton Place South. The 8th-floor co-op, which the Galleon Group founder bought for $1.675 million in 2008, sold to Lewis Zuchman for $1.575 million. [Cityfile]