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
