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.
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,...
Michael Kimelman, a former hedge-fund trader who was convicted of conspiracy and two counts of securities fraud in June, is seeking a new trial.