Rajaratnam sentenced to 11 years for Galleon insider trading

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Insider trader Raj Rajaratnam has been sentenced to 11 years in prison for his involvement in the Galleon Group scandal, the longest-ever sentence in the US for an insider trader. The judge in Manhattan's federal court also ordered Rajaratnam to repay $54 million and pay a fine of $10 million.

Rajaratnam was found guilty in May this year of 14 counts of conspiracy and securities fraud. Galleon was found at trial to have received tips from various firms including those he traded on such as Goldma

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