Raj Rajaratnam Fined $92.8M
NEW YORK, NY - MARCH 08: Billionaire Galleon Group hedge fund cofounder Raj Rajaratnam departs Manhattan Federal Court at the end of the first day of his trial on insider trading charges March 8, 2011 in New York City. Prosecutors allege that Rajaratnam pocketed $45m by illegally trading on insider stock tips. (Photo by Mario Tama/Getty Images) *** Local Caption *** Raj Rajaratnam
Wednesday, Nov 9, 2011 Updated at 10:00 AM EDT
Convicted hedge fund executive Raj Rajaratnam was fined $92.8 million dollars for his insider trading violations.
That's in addition to the $63.8 million in criminal fines and restitution imposed after he was convicted and sentenced to 11 years in prison.
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