NEW YORK (TheStreet)--Disgraced hedge fund chief Raj Rajaratnam must pay a $92.8 million fine for insider trading in a civil case brought by the Securities and Exchange Commission, a federal judge ruled on Tuesday.
The fine comes on top of $53.8 million in illegal profits he has already been ordered to turn over and a $10 million fine in a related criminal case, according to Reuters.
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Rajaratnam, the founder of Galleon Group was sentenced to 11 years in prison last month.Federal judge Jed S. Rakoff stated that Mr. Rajaratnam's net worth "considerably exceeds the financial penalties imposed in the criminal case," according to Reuters. -- .
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