{"id":25477,"date":"2011-10-14T08:00:33","date_gmt":"2011-10-14T12:00:33","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=25477"},"modified":"2011-10-14T08:00:33","modified_gmt":"2011-10-14T12:00:33","slug":"judge-sentences-hedge-fund-founder-to-11-years","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2011\/judge-sentences-hedge-fund-founder-to-11-years.html","title":{"rendered":"Judge Sentences Hedge Fund Founder To 11 Years"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/10\/rajaratnam.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-25478\" title=\"Lloyd Blankfein, Goldman Sachs Group Inc Chief Executive, is seen in this courtroom sketch testifying in Manhattan Federal Court in the Raj Rajaratnam insider trading case in New York\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/10\/rajaratnam-300x248.jpg\" alt=\"\" width=\"300\" height=\"248\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/10\/rajaratnam-300x248.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/10\/rajaratnam.jpg 470w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.net) &#8211; Hedge fund founder Raj Rajaratnam has been\u00a0sentenced to 11 years in prison\u00a0on Thursday by\u00a0Manhattan\u00a0Judge Richard J. Holwell.<\/p>\n<p>The judge also imposed a $10 million fine and ordered a forfeiture of $53.8 million. Since his October 2009 arrest, more than two dozen people were arrested in the investigation, nicknamed Perfect Hedge, and all were convicted, according to AP.<\/p>\n<p>In Feburary, Rajaratnam attacked the U.S. government\u2019s wiretap evidence saying he would file a motion to suppress the telephone recordings which were used to arrest Rajaratnam and more than a dozen other people in the Galleon raid. Rajaratnam then won an emergency order relieving him from having to turn over wiretap recordings because of legal hurdles in obtaining the 14,000 wiretap intercepts.<\/p>\n<p>The hedge fund millionaire was taken into custody in New York on Oct. 16, 2009 in what is being called the USA\u2019s largest hedge fund insider-trading scheme. <\/p>\n<p>Alex Akesson <br \/>Editor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; Hedge fund founder Raj Rajaratnam has been\u00a0sentenced to 11 years in prison\u00a0on Thursday by\u00a0Manhattan\u00a0Judge Richard J. Holwell. The judge also imposed a $10 million fine and ordered a forfeiture of $53.8 million. Since his October 2009 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3],"tags":[],"class_list":["post-25477","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/25477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=25477"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/25477\/revisions"}],"predecessor-version":[{"id":25479,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/25477\/revisions\/25479"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=25477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=25477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=25477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}