Rajaratnam was the founder of the once mighty hedge fund firm Galleon Group. The firm fell apart after Rajaratnam was arrested in 2009 for conspiring to trade using insider information. The scheme could have brought in profits of some $20 million, according to the U.S. Government.

Rajaratnam was found guilty on 14 counts of conspiracy and securities fraud charges on May 11, 2011. The jury convicted Rajaratnam of nine counts of securities fraud and five counts of conspiracy for what prosecutors describe as the money manager‘s central role in the most sweeping probe of insider trading at hedge funds on record.

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