Raj Rajaratnam (Tamil: ராஜ் ராஜரத்தினம்; born June 15, 1957) is an American former hedge fund manager and founder of the Galleon Group, a New York-based hedge fund management firm.[3][4] On October 16, 2009, he was arrested by the FBI on allegations of insider trading, which also caused the Galleon Group to close.[5] He stood trial in U.S. v Rajaratnam (09 Cr. 01184) in the United States District Court for the Southern District of New York, and on May 11, 2011 was found guilty on all 14 counts of conspiracy and securities fraud.[6][7] On October 13, 2011, Rajaratnam was sentenced to 11 years in prison[8] and fined with a civil penalty of $92.8 million in November 2011
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