U.S. Wins Convictions in Inside Trading Case

, New York Law Journal


Devastating wiretap evidence and the testimony of cooperating witnesses led a Southern District jury yesterday to convict Raj Rajaratnam on all 14 counts in the Galleon Group hedge fund insider trading scandal. Mr. Rajaratnam faces a prison term of more than 15 years when he is sentenced by Judge Richard Holwell on July 29, but the judge can go above that range based on a number of factors, including the amount of money involved.

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What's being said

  • TimmyJ

    The sentencing will be interesting because if he gets a Milken or Boesky like penalty it would be enough to discourage. Mike and Ivan are still rich and actually Milken only did less 2 years of his sentence. They were talking about this in the white collar column of LJ. http://www.lawyers.com/New-York/New-York/Robert-J.-Anello-484939-a.html

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