Raj Rajaratnam

Raj Rajaratnam, the face of the biggest trading scandal in a generation, was sentenced Thursday to 11 years in prison, one of the longest ever sentences handed down for an insider case.

Prosecutors had sought a sentence of 19 years and seven months to 24 years and five months behind bars for the former hedge fund titan. Rajaratnam’s lawyers – citing health problems, among other factors – had been urging the judge to consider a much more lenient sentencing range of six-and-a-half years to eight years and one month.

“His crimes and the scope of his crimes reflect a virus in our business culture that needs to be eradicated” US District Judge Richard Holwell said in imposing sentence. The judge also ordered Rajaratnam to pay a $10 million fine.

The 54-year-old co-founder of Galleon Group, who was convicted of five counts of conspiracy and nine counts of insider trading in May, was accused by prosecutors of being at the center of the one of the biggest insider trading schemes ever unearthed.

Rajaratnam, who wore a dark suit with a blue and silver striped tie at his sentencing hearing, is the highest-profile person to be prosecuted so far as part of a broad US government crackdown.

Source: New York Post website, 13 October 2011

Testimonials

“MAC’s courses are very suitable for our employees; good quality content is what we look for.”

Rob Veersma
Director Training & Development
Gazprom International Training
“Really well structured and easy to follow content that is varied in delivery in order to keep the reader engaged. Looking forward to seeing more from the MAC in the future!”

Erika Rabadia
Manager Trading Surveillance
Shell
 

Our Labels

Entrima and Market Abuse Centre (MAC) are the two labels we operate to provide learning services for professionals in the commodity & energy markets.
 
 


Content & Context

Entrima’s mission is to transfer knowledge regarding the business, controls & operations of parties in (or relating to) the wholesale markets.

www.entrima.org


Conduct & Culture

MAC’s mission is to facilitate the prevention & detection of misconduct and to foster proper behaviour in organisations. This is achieved via training, periodic updates and increased awareness.

www.marketabusecentre.com
 

More information?
Download our Course Guide

About

Market Abuse Centre facilitates prevention & detection of market abuse. We set learning standards for minimum required knowledge and provide training accordingly.

Courses

We offer a comprehensive curriculum of online self-study training courses regarding a wide variety of topics.

Overview of our Courses

Contact

For more information please contact us on mac@marketabusecentre.com
Address
Beursplein 5
1012 JW Amsterdam
Chamber of Commerce
32071597
VAT number
NL853464893B01
Bank Account
IBAN NL25ABNA0828446555