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Rajaratnam Convicted on Insider Trading Case
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Hedge fund founder Raj Rajaratnam, from the Galleon Group, was convicted on 14 counts of insider trading on May 11. It was the largest hedge fund insider trading case in U.S. history and he faces up to 205 years in prison. Sentencing is set for July and his lawyers say he plans to appeal.

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US hedge fund founder convicted of insider trading

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