Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Raj Rajaratnam to be Sentenced Next Week

Raj Rajaratnam is scheduled to be sentenced next week. Rajaratnam, the founder of Galleon Group, was convicted of insider trading by a  federal court last year. The Federal District Court opened a hearing for sentencing this week. The prosecutor, Assistant US Attorney Andrew Michelson, is advocating that Rajaratnam, who he calls a “serial inside trader,” receive 19½ to 24½ years in prison for making over $70 million through insider trading. The Defense, is arguing that Rajaratnam made as little as $7 million through his trading.

Raj Rajaratnam thinking

It Was Not an Isolated Case

Reed Brodsky, who also works as a prosecutor on the case, explained that Rajaratnam could have been charged with as many as 1000 counts of insider trading, explaining that he engaged in the illegal practice so frequently.

Rajaratnam was Charged with Three Crimes

The particular instances under review currently involves the $50 million in profits that Rajaratnam was to have made within 2 days of various public announcements after receiving news that had not been made public. He is also said to have made $30 million on mergers and acquisitions by trading ahead of public announcements and another $30 million by trading ahead of earnings announcements.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!