How fascinating that Raj Rajaratnam, 52, a Sri Lanka native and U.S. citizen, was arrested on Friday, October 16, 2009 for his connection with a $20-million insider-trading case. Owner of an undergraduate degree from Britain’s University of Sussex and an MBA from the elite Wharton School at the University of Pennsylvania, the reputedly-charitable billionaire and founder of Galleon Management LP is allegedly into hedge funds, which these days mean increasing rather than reducing risk— for example— by short selling with the expectation of a greater return on investment. Even more fascinating is that Raj (meaning king in Hindu) was once the President and CEO of Needham & Co., an investment bank with a primary focus on the technology and health-care industries.

That billionaire Raj Rajaratnam was involved with hedge funds and the health-care industry indicates that both are disreputable. The so-called health-care industry is more concerned with gigantic profits akin to what hedge funds generate rather than with honest health care. The excessively-capitalistic industry has made illness a shamefully-lucrative business and has made dying an American family’s financial ruin. Raj Rajaratnam is one of the Top 600 wealthiest persons in the world according to Forbes. How many more wealthy elite were and are involved in America’s multi-billion-dollar health-care business? Jaya Raj— his victorious success has ignited his personal downfall. Meanwhile, dwindling Middle Class America continues to pay the exorbitant price of health insurance, pharmacy drugs, doctor-and-hospital co-pays, and outright insurance denials.

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Screenshot; Fair and legal use.