Notorious "inside trading magnate" Raj Rajaratnam about three weeks from being sentenced to a long "Federal Lockup", is obviously keeping his eye on other sentences for convicted " inside traders ". In Raj's case the Government is seeking a 24 year sentence.
Well yesterday Zvi Goffer was sentenced to 10 years and Winifred Jiau was sentenced to four years.Did someone say "sending a message"? Neither case matched the extent of "illegal profiteering " that we saw in Raj Rajaratnam's case .(see Galleon Hedge Fund Case)
So Raj, be prepared for the worst, pray you can remain free on bail during the appeal ..and that your army of attorneys can identify and pursue reversible error from the trial record while perfecting your appeal. And Raj, if I were you I'd party hardy for the next weeks.
And all for what ? You had plenty of money already !
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