NEW YORK — A federal appeals court in New York City is upholding the conviction of a onetime billionaire on insider trading charges. Lawyers for Raj Rajaratnam had argued on appeal that the government improperly persuaded a judge in 2008 ...

Tagged with: federal appeals court Raj Rajaratnam

NEW YORK — A former billionaire who was the primary target of what prosecutors called the biggest hedge fund insider trading case in U.S. history was sentenced Thursday to 11 years in prison. Galleon Group founder Raj Rajaratnam also was fined $10 million.

Tagged with: conviction insider trading Raj Rajaratnam sentencing

NEW YORK — The prison term awaiting a one-time billionaire hedge fund founder convicted of insider trading charges is unpredictable at best in a Manhattan courthouse where judges vary considerably in their assessment of how justice should be dispersed at sentencing.

Tagged with: federal prosecutors Raj Rajaratnam sentencing

NEW YORK — A prosecutor asked a federal judge Tuesday to sentence a hedge fund founder convicted of insider trading charges based on illegal gains of more than $70 million. The prosecutor, Andrew Michaelson, urged U.S. District Judge Richard Holwell ...

Tagged with: conviction prosecutor Raj Rajaratnam

NEW YORK CITY — A former Wall Street titan was convicted Wednesday of making a fortune by coaxing a crew of corporate tipsters to give him an illegal edge on blockbuster trades in technology and other stocks — what prosecutors called the largest insider trading case ever involving hedge funds.

Tagged with: conviction insider trading Raj Rajaratnam Securities Fraud