Raj Rajaratnam, Founder of the hedge fund Galleon Group, was sentenced to 11 years in a federal pension after being convicted of insider trading, securities fraud and conspiracy. He was also fined $10 million and to give back $54 million from profitable trades. Fifty out of fifty-four people have been found guilty in the last two years. One is a fugitive. Three cases are pending. The main people caught up are portfolio managers, expert network analysts and executives of well regarded companies such as Intel, McKinsey and IBM.
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