Government seeks record two-decade prison term for NY hedge fund boss in insider trading case

NEW YORK — A hedge-fund founder once recognized as one of the country's richest citizens would serve the longest sentence in history for an insider trading conviction if a federal judge grants the government's request to send Raj Rajaratnam to prison for two decades.

Rajaratnam's sentencing was scheduled for Thursday in Manhattan.

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Zachary A. Goldfarb 13 Oct, 2011


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Source: http://feeds.washingtonpost.com/click.phdo?i=2b1ac327bd19dc7437af1bdbff88ffee
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