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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.

Galleon Group

Rajaratnam gets 11-year prison sentence for insider trading

Posted by RJ and Makay on Oct 13, 2011

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Galleon Group co-founder and hedge fund manager Raj Rajaratnam was sentenced today to 11 years in prison and fined $10 million for conspiracy and securities fraud. Rajaratnam was the key figure in what federal investigators called the largest hedge fund insider trading case in U.S. history.