Raj Rajaratnam was ordered to prison for 11 years yesterday for multiple insider-trading conspiracies and trades he directed as head of one of the world’s largest hedge funds.
The pivotal figure in the most wide-ranging insider-trading prosecution in history could have done worse, as Southern District Judge Richard Holwell gave the government virtually everything it wanted by calculating a sentencing range of between 19 1/2 and 24 1/2 years in prison but imposed a sentence that fell well below that range.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
For questions call 1-877-256-2472 or contact us at [email protected]