United States v. Raj Rajaratnam

Decisions and steps

1. 11 May 2011Jury convicts on all 14 counts^S3
2. 13 October 2011Sentenced to 11 years, US$10 million fine, US$53,816,434 forfeiture^S3
3. 24 June 2013Second Circuit affirms the conviction^S5

Claims this case bears on

• Supported94
  The US Attorney for the Southern District of New York said in October 2011 that Galleon founder Raj Rajaratnam was convicted on all 14 counts and sentenced to 11 years in prison for insider trading.
  Regulator statement, 13 October 20113 records citedMarket conduct
• Contradicted91
  On appeal Raj Rajaratnam argued that the FBI wiretaps used against him were unlawfully authorized and that his conviction should be reversed.
  Court filing, 24 June 20131 record citedMarket conduct

Sources

1. S3Tier A Galleon Management Founder Raj Rajaratnam Sentenced in Manhattan Federal Court to 11 Years in Prison for Insider TradingUS Attorney's Office, Southern District of New York. Government press release. 13 October 2011.Supports the 11 May 2011 conviction on all 14 counts, the 11 year sentence, the US$10 million fine and the US$53,816,434 forfeiture. Names Judge Holwell.
2. S5Tier A United States v. RajaratnamUS Court of Appeals for the Second Circuit. Court judgment. 24 June 2013.Supports the affirmance of the conviction and the rejection of the wiretap challenge under the Franks framework. Read through a court report page.
3. S6Tier C Galleon's Raj Rajaratnam Is Released From Prison Two Years EarlyBloomberg. Press report. 6 September 2019.Supports the summer 2019 release to home confinement. Used for the current status of the sentence only.