New York Post – Convicted hedge-fund felon Raj Rajaratnam is expected to plead before a federal judge today that he doesn’t deserve to be sent to prison for 25 years — because he only made $7.5 million from his inside trades.
And Rajaratnam didn’t even make a bonus, his legal team noted in court papers. That’s the argument lawyers for the fallen hedge-fund founder are expected to make today in Manhattan federal court in their last-ditch effort to sidestep the 20-to-25 year prison stretch prosecutors are requesting following his May conviction for securities fraud and insider trading.
