Rajaratnam Sentence Is Longest Ever For Insider Trading

Hedge fund billionaire, and convicted insider trader, Raj Rajaratnam has received the longest prison sentence ever imposed on an individual convicted of insider trading. 

Manhattan Federal District Court Judge Richard Holwell has just ordered Rajaratnam, who had been convicted of 14 counts of securities fraud and conspiracy, to prison for 11 years.
 
The prison sentence is not the 24 years that some had suggested was possible, and that prosecutors had sought, and it is substantially less, of course, than the 150 years for Bernard Madoff.
 
But it also is longer than any other insider trading sentences ever imposed (10 years being the maximum), and substantially longer than others involved in what has come to be known as the Galleon insider trading fraud.