Raj Rajaratnam was ordered to prison for 11 years Thursday for multiple insider-trading conspiracies and trades he directed as head of one of the world’s largest hedge funds.
The pivotal figure in the most wide-ranging insider-trading prosecution in history was given a break by U.S. District Court Judge Richard Holwell of the Southern District of New York, who pronounced the sentence after ruling for the government on virtually everything it wanted in calculating the sentencing range, which he agreed was between 19 1/2 and 24 1/2 years in prison.
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