Rajaratnam, U.S. Spar Over Insider Trading Sentence

Law360, New York (September 9, 2011, 10:45 PM EDT) -- Galleon Group LLC hedge fund founder Raj Rajaratnam on Friday asked a New York federal judge to issue a sentence below the government's “grotesquely severe” guidelines of 19.5 to 24.5 years for his conviction on insider trading charges, claiming the length of the sentence does not match his crime.

The length of the sentence is unprecedented for an insider trading case, and is a decade longer than the average sentences for manslaughter, sexual abuse, robbery, arson, kidnapping, hostage-taking and child pornography, according to the sentencing reply...
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