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Browse: Home / 2011 / September / 27 / Rajaratnam Judge to Consider Amount of Money Lost in Crimes

Rajaratnam Judge to Consider Amount of Money Lost in Crimes

By Securities Docket on September 27, 2011, 7:09 pm

Galleon earned $53.8 million in profit and avoided losses of $9.9 million, a Federal Bureau of Investigation agent testified at Rajaratnam’s trial. His lawyers argued in court papers filed Sept. 9 that the government’s loss calculation, used to support its recommendation that Rajaratnam be sentenced to as much as 24 1/2 years in prison, “massively overstates the seriousness of the offense.”

Read more: Rajaratnam Judge to Consider Amount of Money Lost in Crimes — Business Week

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Posted in Criminal, SD Insider, Top | Tagged Sentencing

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