Galleon Group Founder Guilty On All Counts

Law360, New York (May 11, 2011, 11:27 AM EDT) -- Raj Rajaratnam, the billionaire founder of the Galleon Group LLC hedge fund, was convicted Wednesday on all 14 securities fraud and conspiracy charges he was facing over alleged insider trading.

Following 11 days of deliberations, jurors announced their verdict in Manhattan federal court at about 10:45 a.m. as onlookers observed in hushed silence. Rajaratnam, who now faces as much as 25 years in prison, looked on expressionlessly as the jurors were individually polled.

"Ladies and gentlemen, this has been a long trial and I can't begin...
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