Raj Rajaratnam Is Sentenced to 11 Years In Prison

[somebozo]

Indians seems to have a love for insider trading for their desperation to horde wealth

Raj Rajaratnam Is Sentenced to 11 Years In Prison
Raj Rajaratnam Is Sentenced to 11 Years In Prison - Business - The Atlantic Wire

Erik Hayden 11:54 AM ET 55

Raj Rajaratnam, the mega-rich hedge funder found guilty of insider trading, was sentenced to 11 years in prison on Thursday. DealBook reports that it's the "longest-ever prison sentence for insider trading." And he seems to have gotten off more leniently than the government wanted: "The 11-year sentence was near the low end of the range of roughly 19 to 24 years requested," DealBook wrote. The Judge who sentenced the inside trader, U.S. District Judge Richard Holwell, was quoted by The Wall Street Journal saying "His crimes and the scope of his crimes reflect a virus in our business culture that needs to be eradicated." Rajaratnam has also been ordered to pay a $10 million fine, The Journal wrote. He allegedly had made $63.8 million in profits by insider trading before being arrested in 2009.

 

[Abhishek_]

Indians seems to have a love for insider trading for their desperation to horde wealth

he is Sri Lankan
Fail

 

[Andross]

Good deal he will be out in 5-6 years on good behaviour and still gets to keep his hidden assets who says crime doesen't pay?

 

[IndoCarib]

somebozo will remain just that,....'somebozo'.. LOL !!

Raja rathnam is Srilankan

 

[westtowel]

He is SriLankan.Biggest Fail I have seen in a Long time.

 

[jdme]

Another "World Affairs" issue, I guess! Indian sounding name? Convicted in US? US citizen? Hey, all the requisites for World news


That said, they need to prosecute all the bankers, not just the obvious ones.

 

[Skyline]

He's is Sri Lankan who live in USA.

 

[IndoCarib]

He's is Sri Lankan who live in USA.

Yes. But Mr. Know it all, somebozo doesnt know that !

 

[T90TankGuy]

naa he just saw an Indian name and jumped

 

[illuminatidinesh]

naa he just saw an Indian name and jumped

So much hate India obsession....

 

[somebozo]

So much hate India obsession....

Every head "fun poking" or teasing?? the more important subject is the news rather than the person.

 

[alok11]

RAJ RATHNAM IS A SRI LANKAN ........anyway good try

---------- Post added at 08:33 PM ---------- Previous post was at 08:32 PM ----------

Every head "fun poking" or teasing?? the more important subject is the news rather than the person.

but your actual motive of opening this thread has failed miserably