Rajaratnam Sentencing Delayed Until Next Month

Sep 22 2011 | 1:57am ET

Convicted insider-trader Raj Rajaratnam will remain a free man for at least another three weeks.

The Galleon Group founder's sentencing, originally scheduled for Tuesday, was postponed to Oct. 13 yesterday. U.S. District Judge Richard Holwell, who presided over Rajaratnam's trial and will impose sentence, did not offer a reason for the delay in the one-sentence order.

Rajaratnam faces almost 25 years in prison on the 14 securities fraud and conspiracy charges he was convicted of in May. Prosecutors are pushing for between 19½ year and 24½ years, a term described by Rajaratnam's defense team as a death sentence for the 54-year-old former billionaire.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...