Rajaratnam Found Guilty on All 14 Accounts

Rajaratnam Found Guilty on All 14 Accounts Rajaratnam Found Guilty on All 14 Accounts Goodness, buddy, Raj is f-ed.Indeed he is, Rengan. The Galleon organizer and now sentenced inside merchant stands to serve 19 and a half years in jail for his wrongdoings: nine checks of intrigue to submit protections extortion and five tallies of protections misrepresentation. The consistent decision returned before today following 11 days of pondering (and one hearer change).The decision was not a surpristing one, the same number of close onlookers of the preliminary trusted Raj's barrier group couldn't beat the heap of proof introduced by the indictment. Especially condemning were the 45 wire-tapped telephone discussions between Raj and his co-plotters (counting his sibling Rengan Rajaratnam), huge numbers of who have confessed to insider exchanging charges of their own.While he anticipates condemning in July, Raj won't be in jail, however he will be fitted with an electronic gadget to screen his whereabouts. Apparently, he won't make too many telephone calls.Though an immense hit to Raj and his safeguard group (which will enter an intrigue), the blameworthy decision was a colossal success for the SEC, which has experienced harsh criticism for not sentencing any men, ladies or youngsters in the wake of the monetary emergency. In any case, the Commission has done a truly great job of nailing inside dealers, and Raj is by a wide margin their greatest catch yet.(WSJ: Galleon Founder Raj Rajaratnam Convicted)(Related: Take the RRAT (Raj Rajaratnam Aptitude Test), I Rest My Case, Says Raj Rajaratnam, Why the Rajaratnam Trial Will Increase the Greed on Wall Street)