2:04pm

Thu October 13, 2011
U.S.

Hedge Fund Manager Rajaratnam Sentenced To 11 Years

Raj Rajaratnam was once one of the wealthiest hedge fund managers in the world. Now, the former billionaire and Galleon Group co-founder faces 11 years in prison for his role in an insider trading case. A judge in Manhattan handed out the sentence Thursday morning.

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