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Five years later, Jeffrey Skilling’s sentence remains uncertain.
In insider trading cases, judges often find reasons to depart downward in sentencing.
In recent years, defendants sent to prison on insider-trading charges in New York federal courts have received median sentence of about 2½ years.
Rajaratnam sentence goes to eleven (years).
Rajaratnam argues his profits in insider trading scheme warrant prison term of no more than 8 years.
Rajaratnam’s lawyers seek to keep his medical information out of the financial press.
Prosecutors argue Rajaratnam “placed his medical conditions at issue by seeking leniency based on them.”
Prosecutors point to $53.8 million in profits and avoided losses of $9.9 million, but defense argues this represents “massive overstatement” of seriousness of offense.
At sentencing, defendant apologizes to man’s best friend.