Rajaratnam Gets 11 Years in Insider-Trading Case
Raj Rajaratnam, the face of the biggest trading scandal in a generation, was sentenced to 11 years in prison, one of the longest-ever terms handed down for an insider case.
“His crimes and the scope of his crimes reflect a virus in our business culture that needs to be eradicated,” U.S. District Judge Richard Holwell said in imposing the sentence. Judge Holwell also ordered Mr. Rajaratnam to pay a $10 million fine.