Wednesday, June 26, 2013
Federal appeals court upholds hedge fund manager's conviction
[JURIST] The US Court of Appeals for the Second Circuit [official website] on Monday affirmed the conviction [opinion, PDF] of Galleon Group founder Raj Rajaratnam [JURIST news archive], rejecting his argument that wiretap evidence was used improperly to convict him. Rajaratnam was convicted in 2011 on 14 counts related to insider trading and sentenced [JURIST reports] to 11 years in prison, as well as over $63 million dollars in associated fines and fees. Rajaratnam argued [brief, PDF] that certain statements...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment