Criminalforfeitureinvolvesprovencriminals. A convicted bankrobber may lose his getaway car; a money-launderer may lose thehouse he bought withhis illicitprofits.
Prosecutors disagreed, saying Newman tried to make millions of dollars in illicitprofits for Diamondback to boost his compensation and increase his standing and reputation at the fund.
Yesterday in opening arguments, the U.S. said Rajaratnam used an illegal network of secret sources to earn millions of dollars in illicitprofits, while his defense claimed he made decisions based only on public information.