Hedge fund billionaire gets 11 years for insider trading


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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