Hedge Fund News From HedgeCo.Net

Hedge-fund head Rajaratnam begins 11-year prison term

BBC – Disgraced hedge fund founder Raj Rajaratnam has arrived at a federal prison to begin serving the longest-ever sentence for insider trading.

Rajaratnam, who was sentenced to 11 years in jail, reported to a facility in Massachusetts. He was fined $92.8m (£59.2m), also a record, and his case has led to more than two dozen related convictions.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply