Wednesday, May 11, 2011

Rajaratnam guilty on all insider trading charges | Reuters

Rajaratnam guilty on all insider trading charges | Reuters: "Galleon Group hedge fund founder Raj Rajaratnam was found guilty on all 14 conspiracy and securities fraud charges of insider trading on Wednesday, in a vindication of the government's aggressive tactics in prosecuting crime on Wall Street.

Rajaratnam, a one-time billionaire, will remain free on bail until sentencing on July 29, U.S. District Judge Richard Holwell ruled after the jury delivered its verdict."

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