Steven Fortuna, a hedge-fund manager who pleaded guilty to insider-trading, exits the Manhattan Federal Courthouse in New York following his sentencing, February 13, 2013. Fortuna was sentenced to two years probation and six months home confinement for his involvement in the probe of Galleon Group LLC and other federal investigations.
Former Galleon Group fund manager Ali Far (L) leaves Manhattan Federal Court in New York, February 11, 2013.
Anil Kumar leaves the federal court after being sentenced in New York July 19, 2012. A former McKinsey & Co partner, Kumar's testimony helped convict Galleon Group founder Raj Rajaratnam and former Goldman Sachs Group Inc director Rajat Gupta, and was sentenced to two years probation on Thursday.
This courtroom drawing shows ex-hedge fund tycoon Raj Rajaratnam (R), Assistant US Attorney Andrew Michaelson (L) and Judge Richard Howell (seated at top right) listening to witness Anil Kumar during the insider trading trial against Rajaratnam on March 10, 2011 in New York. Sri Lankan-born Rajaratnam, 53, used insider information at his Galleon Group fund to pocket at least USD 45 million, prosecutors alleged after an investigation making extensive use of wiretaps. Rajaratnam, who is free on USD100 million bail, says he is not guilty.
This May 11, 2011 courtroom sketch shows former hedge fund founder Raj Rajaratnam (front R) with the jury, clerk, Judge Richard Holwell (upper R), Assitant US attorney Jonathan Streeter and Defense Attorney John Dowd (upper center) at the Manhattan Federal Court in New York. Once powerful hedge fund founder Raj Rajaratnam was convicted Wednesday on all counts of fraud and conspiracy in Wall Street's biggest insider trading trial for years. The New York federal jury found Sri Lankan-born Rajaratnam, head of the Galleon Group, guilty on all 14 counts. Rajaratnam, 53, faces up to 25 years in prison.
This October 13, 2011 courtroom drawing shows Raj Rajaratnam (R) with Judge Richard Holwell (upper C) Defense Attorney William White(L), Assistant US Attorney Reed Brodsky, and Defense Attorney Samidh Gudh (2ndR), at Federal Court in New York. Disgraced star Wall Street hedge fund manager Raj Rajaratnam was sentenced Thursday to 11 years behind bars in the heaviest US sentence for insider trading, although far below what prosecutors had sought. New York federal Judge Richard Holwell also ordered the Sri Lankan-born founder of the Galleon Group hedge fund to pay a fine of $10 million and restitution of $53.8 million. But he said Rajaratnam's poor health was the reason for refusing the prosecution's request that the former trader be sentenced to as much as 24 years in prison. Holwell revealed for the first time publicly that Rajaratnam, 54, is suffering from 'advanced diabetes leading to imminent kidney failure.'
