Raj Rajaratnam, the Galleon Group co-founder whom prosecutors called “the modern face of illegal...


Raj Rajaratnam, the Galleon Group co-founder whom prosecutors called “the modern face of illegal insider trading,” is sentenced to 11 years in prison, one of the longest-ever terms handed down for an insider case. He had been found guilty on five counts of conspiracy and nine counts of securities fraud.

Comments (3)
  • Financial Insights
    , contributor
    Comments (928) | Send Message
     
    The sad thing, he did it all for a very small percentage of his total net worth. What a greedy moron.
    13 Oct 2011, 11:41 AM Reply Like
  • untrusting investor
    , contributor
    Comments (9903) | Send Message
     
    Andrew,
    Aren't they all on Wall Street just greedy morons? It's never enough for them. It was about time that some of these crooks got jail time. Unfortunately, nowhere near enough of them have been prosecuted. But at leas,t just maybe, this will send a message to more of them to scale back on some of the most blatant behaviors.
    13 Oct 2011, 11:48 AM Reply Like
  • Financial Insights
    , contributor
    Comments (928) | Send Message
     
    Untrusting,
    Can't argue with you there.
    13 Oct 2011, 11:54 AM Reply Like
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