Prosecutors Request 19-24 Years For Rajaratnam

Law360, New York (August 9, 2011, 7:34 PM EDT) -- Prosecutors asked a New York federal court on Tuesday to sentence convicted insider trader and Galleon Group LLC founder Raj Rajaratnam to between 19 and 24 years in prison, calling him the "modern face of illegal insider trading."

In a sentencing memorandum filed in the Southern District of New York, prosecutors described Rajaratnam's actions as brazen and arrogant and said he deserved an imprisonment that befit the historic nature of his crimes.

"To reflect the seriousness of Rajaratnam's extraordinary and extensive criminal activities, to deter others...
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