Hedge fund billionaire gets 11 years for insider trading

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Hedge fund billionaire Raj Rajaratnam has received the longest ever prision sentence for insider trading after he was jailed for 11 years in a landmark ruling in the US today.

Judge Richard J. Holwell sentenced Rajaratnam, a hedge fund tycoon who managed the Galleon Group hedge fund, in a ruling being described as a ‘watershed moment' in the US government's attempts to c...

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