"Rajaratnam Is Sentenced To 11 Years"

     While scrolling through NYTimes.com, one particular article caught my eye, which is titled "Rajaratnam Is Sentenced To 11 Years", by Peter Lattman. The following article is about a hedge fund founder, named Raj Rajaratnam who was recently arrested for inside trading. He also received the longest sentence ever for this kind of fraud, which is eleven years. The billionaire was the former head of the Galleon Group Hedge fund and Judge Richard J. Holwell fined him with an amount of $10 million and also ordered that he forfeit $53.8 million. Before his sentence, Rajaratnam was put on a two-month trial during May, in which the jury convicted him of fraud involving securities and also conspiracy. He was originally arrested in October 2009 and declined to speak at his own trial.

     Although, Rajaratnam received the longest sentence for insider trading there was still a possibility he could  have actually received a sentence from up to nineteen to twenty four years under federal guidelines. During his trial on Thursday, prosecutor Reed Brodsky said that he deserves a larger penalty for his crimes, but Judge Holwell lowered his sentence because of health factors. Rajaratnam has diabetes that could eventually lead to kidney failure and decided that jail would be more of an extreme experience for him since he has a serious health condition. This article really grabbed my attention because it seems to me that after the economy began to drop, more and more top business men are being caught with fraud. Now a days, it also seems that this is beginning to spread throughout a number of companies and becoming a threat to society as well.