U.S. conglomerate Threatened 19.5 Years Prison

A billionaire investment in the United States (U.S.), Raj Rajaratnam, convicted of insider trading (trading stocks with inside information) related hedge investments (hedge funds). Of the crime, Rajaratnam reap tens of millions of dollars.

According to the Associated Press news agency, issued the verdict of the jury in federal court in Manhattan, New York, Wednesday. For U.S. law enforcement, this is the greatest crime in the business of hedging investment in the country.

BBC news station reveals that the judge will impose the penalty for Rajaratnam on trial next July 29. Sri Lankan conglomerate offspring were aged 53 years in prison under sentence of between 15.5 years and 19.5 years.

However, pending the reading of the sentence, Rajaratnam can waltz out of prison. The reason, he had to pay bail of U.S. $ 100 million. However, Rajaratnam forbidden to go abroad. Thus, the authorities installed an electronic warning device on the body Rajaratnam to ensure he did not run away from the U.S..

Rajaratnam was convicted on all 14 charges. Five charges of conspiracy and nine related cases are cases of securities fraud.

Of the crime, Rajaratnam proven enrich themselves at U.S. $ 63.8 million from 2003 to March 2009. He illegally obtain information from sources related to a number of corporate investment hedge.

Some companies target business games Rajaratnam include Google, Intel, and Hilton Hotels. In the U.S., the practice known as insider trading is a crime.

"Rajaratnam was one of the best and brightest professionals in the U.S.," said the prosecutor, Preet Bharara, as quoted by the BBC. "However, like some people recently, he let greed and corruption affect the mistake,"said Bharara.