Insider trader sentenced to 11 years in US prison
- 12 years ago
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.
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.