Another bad news for Raj

After receiving the longest-ever prison sentence for insider-trading, the Galleon Group founder, Raj Rajaratnam now faces the largest-ever fine in an insider-trading case. U.S. District Judge Jed Rakoff ordered Mr. Rajaratnam to pay $92.8 million in the Securities and Exchange Commission civil case against him.   The $92.8 million fine is the maximum allowed under law, equivalent to three times Rajaratnam's illicit gains. The judge rejected … [Read more...]