Want to get busted for insider trading? Despite reports that corporate criminals are seeing tougher sentences these days, the going rate for defendants in the Galleon Group scandal is a cool three-year average term. But that might not be the case for the “modern face of insider trading,” Raj Rajaratnam, when he is sentenced this week for his mastermind role.
Manhattan judges sentenced a pair of other convicted Galleon-linked traders—Zvi Goffer and Winifred Jiau—last month to terms of 10 and four years, respectively. Zvi Goffer’s brother, Emanuel, also received a three-year sentence last Friday.