Raj Rajaratnam, Billionaire Hedge Fund Executive, Convicted on All Counts in Insider Trading Case
Raj Rajaratnam, the billionaire investor who once ran one of
the world's largest hedge funds, was found guilty of fraud
and conspiracy on Wednesday by a federal jury in Manhattan.
He is the most prominent figure convicted in the government's
crackdown on insider trading on Wall Street.
Mr. Rajaratnam, who was convicted on all 14 counts, faces up
to 25 years in prison when he is sentenced. Mr. Rajaratnam is
expected to appeal.
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