10/14/2011

Hedge fund billionaire Raj Rajaratnam was sentenced to 11 years in prison, the longest on record for insider trading. U.S. District Judge Richard Holwell ordered Rajaratnam to forfeit $53.8 million in illegally obtained profit and fined him $10 million. "His crimes reflect a virus in our business culture that needs to be eradicated," Holwell said.

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