Rajaratnam Sentenced To 11 Years In Prison

Oct 13 2011 | 11:51am ET

Galleon Group founder Raj Rajaratnam was sentenced to 11 years in prison for leading one of the largest insider-trading rings in history.

The sentence is the longest ever for insider-trading, but fell far short of the 19½ to 24½ years sought by prosecutors. U.S. District Judge Richard Holwell indicated that the 54-year-old's ill health was a factor in his decision.


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