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 originator and now indicted inside dealer stands to serve 19 and a half years in jail for his violations: nine checks of intrigue to submit protections extortion and five tallies of protections misrepresentation. The consistent decision returned before today following 11 days of consultation (and one member of the jury change).The decision was not a surpristing one, the same number of close spectators of the preliminary trusted Raj's barrier group couldn't beat the heap of proof introduced by the arraignment. Especially condemning were the 45 wire-tapped telephone discussions between Raj and his co-backstabbers (counting his sibling Rengan Rajaratnam), a significant number of who have confessed to insider exchanging charges of their own.While he anticipates condemning in July, Raj won't be in the slammer, however he will be fitted with an electronic gadget to screen his whereabouts. Apparently, he won't make too many tele phone calls.Though an enormous hit to Raj and his protection group (which will enter an intrigue), the blameworthy decision was a colossal success for the SEC, which has experienced harsh criticism for not indicting any men, ladies or youngsters in the wake of the budgetary emergency. In any case, the Commission has done a quite great job of nailing inside merchants, and Raj is by a long shot 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)