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    Insider trader sentenced to 11 years in US prison

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    Al Jazeera English

    by Al Jazeera English

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    Raj Rajaratnam, a self-made hedge-fund tycoon convicted of fraud and conspiracy in the biggest Wall Street trading scandal in a generation, has been ordered to serve 11 years in prison.

    Rajaratnam's profits had been placed at between $70m and $75m by case prosecutors.

    Prosecutors had asked the judge to impose a sentence of at least 19 and a half years on Rajaratnam. However, the judge took his ailing health into consideration in granting him leniency.

    Al Jazeera's Kristen Saloomey reports from New York.