Fraud criminals like them should go in jail and suffer the claws and fangs of our law against fraud. Raj Rajaratnam had one of those stories – man moves to America to make his fortune. However, this one is ending on a bad note, because he's heading straight to the clink. Raj Rajaratnam, head and founder of Galleon Group hedge fund, has been arrested for insider trading, conspiracy, and securities fraud, as he solicited and sold insider trading info in a $20 million fraud scheme. He and his conspirators didn't pass go, didn't collect $200, and were taken straight to jail, and the suits aren't made by Brooks Brothers there. Well, Raj Rajaratnam can now see about the dividends from trading smokes, and he might need installment loans for bad credit after the lawyers get done with him.
Posted 2 weeks ago
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