5/20/2023 0 Comments Rajat gupta mind without fear![]() ![]() ![]() history, involving more than 20 individuals. The case was one of the largest and most high-profile insider trading cases in U.S. Securities and Exchange Commission, it allowed him to generate over $63 million. He was also ordered to pay a $10 million fine and forfeit $53.8 million in illegal profits. He was later convicted on multiple counts and sentenced to 11 years in prison, one of the longest sentences ever given for this crime. The case was based on wiretaps of his phone conversations, which were authorized by the U.S. □ The scheme was finally uncovered in 2009, when Rajaratnam was arrested and charged with insider trading. This is a type of securities fraud that can generate huge profits. He was using his extensive network of business contacts to gain access to confidential information and make trades based on them. □□️ From 2003 to 2009, Rajaratnam engaged in a widespread insider trading scheme. In 2009, Rajaratnam was named by Forbes as one of the richest Americans, with a net worth of $1.3 billion. ![]() ![]() He co-founded the hedge fund Galleon Group in 1997, which at its peak had $7 billion in assets under management. □□ Rajaratnam was born in Sri Lanka in 1957 and later moved to the United States to attend college. ![]()
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