BP Editors
The founder of the Galleon Group, a hedge fund management firm, was brought down on insider trading charges and is currently serving a prison sentence in the same facility where Bernie Madoff is doing time.
A district judge sentenced Rajaratnam to 11 years in prison in 2011, a sentence the Wall Street Journal reported was “the longest-ever term imposed in an insider-trading case.” That’s probably because he was at the center of one of largest insider trading cases in history. Rajaratnam, who is originally from Sri Lanka, went to great lengths to hide his activities, including lying under oath when questioned by the Securities and Exchange Commission and using offshore accounts to pay contacts for insider tips.
