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Galleon's Raj Rajaratnam, Found Guilty on All Counts

By Jeralyn, Section Crime in the News
Posted on Wed May 11, 2011 at 10:54:49 AM EST
Tags: Raj Rajaratnam (all tags)
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Galleon founder Raj Rajaratnam has been found guilty of all 14 counts in his insider trading trial. His bond was continued until sentencing, with a condition of home confinement. His lawyer promises an appeal.

Prosecutors say his sentencing guideline range is about 19 1/2 years. Sentencing is set for July 29.

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    Galleon's Raj Rajaratnam, Found Guilty on All Counts | 7 comments (7 topical)

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    As I said... (none / 0) (#1)
    by ek hornbeck on Wed May 11, 2011 at 12:39:39 PM EST
    Here.

    Good to see someone else is picking up on this.

    Some How I Don't Think (none / 0) (#2)
    by msaroff on Wed May 11, 2011 at 01:06:40 PM EST
    That this will lead to investigations or prosecutions of white people.

    It all seems to be little fish and "people of color" who get caught in the net.

    You said it.... (none / 0) (#3)
    by kdog on Wed May 11, 2011 at 01:12:35 PM EST
    some memberships in the country club are subject to revocation....Madoff & Raj thought they were gold star lifetime members, and boy were they mistaken.

    Sacrificial lambs are sometimes required to make it appear our markets are on the up and up.

    Parent

    deutsche bank (none / 0) (#4)
    by CST on Wed May 11, 2011 at 01:32:48 PM EST
    i bet they have a lot of white people

    Parent
    No one from Deutsche... (none / 0) (#5)
    by kdog on Wed May 11, 2011 at 01:35:55 PM EST
    will see a cage, at most a fine that will not equal one fiscal quarter's worth of profits.

    Parent
    No investigations, (none / 0) (#6)
    by NYShooter on Wed May 11, 2011 at 04:33:16 PM EST
    No cages.

    When Blankfein and Dimon face the Bar of Justice, I'll sit up and take notice.

    Parent

    Feel free... (none / 0) (#7)
    by kdog on Wed May 11, 2011 at 04:54:47 PM EST
    to stay seated then...now those 2 are in like Flynn...not "friends of mine" like a Raj or even a Skilling, but "friends of ours".

    Sh*t it might be Treasury Secretary Blankfein to us one day...

    There's some slick mofo on Fox Business channel right now doing the white collar version of "stop snitchin'" right now...very funny channel btw.

    Ah Shooter the law makes strange bedfellows...I found myself agreeing with the Gordon Geko wanna-be s.o.b. for a sec...hate when they kill the unintentional comedy like that:)

    Parent

    Galleon's Raj Rajaratnam, Found Guilty on All Counts | 7 comments (7 topical)

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