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Browse: Home / 2015 / June / 10 / Raj Rajaratnam seeks to cut 11-year insider trading sentence | Reuters

Raj Rajaratnam seeks to cut 11-year insider trading sentence | Reuters

By Securities Docket on June 10, 2015, 8:47 am

Galleon Group hedge fund founder Raj Rajaratnam plans to formally ask a U.S. judge to throw out his 11-year prison sentence and void many of the 14 counts for which he was convicted in his insider trading case.

Rajaratnam, 57, has already served 3-1/2 years of his term following his May 2011 conviction on nine counts of securities fraud and five counts of conspiracy.

via Raj Rajaratnam seeks to cut 11-year insider trading sentence | Reuters

Posted in Criminal, Top | Tagged Appeals, Sentencing

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