Prosecutors Seek Decades In Prison For Rajaratnam

Aug 10 2011 | 5:18am ET

Galleon Group founder Raj Rajaratnam should spend at least 19 years, seven months—and as much as 24 years, five months—in prison for insider-trading, prosecutors urged yesterday.

In their own sentencing memorandum, Rajaratnam’s defense team sought a sentence “substantially below” what federal guidelines call for, specifically something along the lines of the two-and-a-half year sentence received by his one-time co-defendant Danielle Chiesi last month.


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