Rajaratnam sentenced to 11 years for Galleon insider trading

rajaratnam-arrest-2009-pa

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

Regulation

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: