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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.
Prosecutors jump on Rajaratnam comment that it was still not “clear” that what he did was wrong.
Rajaratnam’s defense team argues government’s sentencing request is “grotesquely severe.”
Seeking leniency, Goffer pledges not to appeal conviction, and to repay illegal profits and settle SEC case.