Hedge-fund exec gets longest insider trading jail term - Business - CBC News: "A former billionaire described by the U.S. government as "the modern face of illegal insider trading" was sentenced Thursday to 11 years in prison — the longest insider trading sentence ever but far short of the two decades sought by prosecutors.
Galleon Group founder Raj Rajaratnam also was fined $10 million US and ordered to forfeit $53.8 million by U.S. District Judge Richard J. Holwell, who said he concluded that Rajaratnam made well over $50 million in profits from his illegal trades."
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