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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

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

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of