© 2022 Western New York Public Broadcasting Association

140 Lower Terrace
Buffalo, NY 14202

Mailing Address:
Horizons Plaza P.O. Box 1263
Buffalo, NY 14240-1263

Buffalo Toronto Public Media | Phone 716-845-7000
WBFO Newsroom | Phone: 716-845-7040
Your NPR Station
Play Live Radio
Next Up:
Available On Air Stations

Hedge Fund Manager Rajaratnam Sentenced To 11 Years


MORNING EDITION's business news begins with a sentence for insider trading.


INSKEEP: The man receiving that sentence is Raj Rajaratnam, once one of the wealthiest hedge fund managers in the world. Now the former billionaire and Galleon Group cofounder faces 11 years in prison for his role in an insider trading case. A judge in Manhattan handed out that sentence this morning.

Now, in May, Mr. Raj Rajaratnam was convicted on multiple counts of conspiracy and securities fraud in what prosecutors called the largest hedge fund insider trading case in U.S. history. Transcript provided by NPR, Copyright NPR.