May 22, 2013

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Former Wall Street Powerhouse Convicted of Insider Trading

A Jury convicted a former Wall Street powerhouse of insider trading today.

Raj Rajaratnam was found guilty on fourteen charges.

Prosecutors made the case that he used confidential information to make sixty million dollars.

The 53-year-old, one-time billionaire and founder of the Galleon Group Hedge Fund, faces up to twenty years in prison.


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