IBT Times – The backlash from the Bernie Madoff scandal was unmistakable. New Yorkers are still reeling from the effects, which could be felt for years from the swindler who stole millions of dollars and ruined people’s lives. Madoff can be seen as the epitome of terror on Wall Street.
He falsified records, lied and cheated his way to millions of dollars in profits. Raj Rajaratnam was another Wall Street swindler who ordered colleagues and consultants to leak information that made him a billionaire. However, he was sentenced to 11 years for running an insider-trading conspiracy, forcing him to trade his luxury suits and Manhattan penthouse for a yellow jumpsuit and a tiny prison cell.