Rajaratnam asks for shorter prison sentence

Galleon exec calls proposed punishment “grotesquely severe”

Galleon Group co-founder Raj Rajaratnam is asking a judge to shorten the government’s proposed prison sentence for his involvement in a massive insider trading case.

The government is requesting that Rajaratnam, who was convicted in May on all 14 conspiracy and securities fraud criminal counts against him, be sentenced to between 19 ½ and 24 ½ years in prison.

Ashley Post

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