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Rajaratnam gets off easier than expected

Despite being the longest insider trading sentence ever, the hedge fund tycoon gets an 11-year prison term

The sigh of relief was probably heard from here to Sri Lanka. The subject of serious speculation in recent weeks, Raj Rajaratnam finally was sentenced today for his role in the Galleon Group insider trading scandal.

Rajaratnam’s sentence is far lighter than what many experts predicted. In fact, it’s only one year more than was recently given to his former employee, Zvi Goffer for his role in the scandal.

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