Post by Forever Sunshine on Nov 8, 2011 20:45:40 GMT -5
The Securities and Exchange Commission fined Raj Rajaratnam, the former hedge fund manager recently convicted of insider trading, nearly $93 million on Monday.
The civil penalty of $92,805,705 is the highest fine the SEC has ever levied against an individual. The white collar criminal has also been fined $10 million and is ordered for forfeit his ill-gotten gains of $53.8 million.
money.cnn.com/2011/11/08/news/companies/rajaratnam_insider_trading/index.htm?source=cnn_bin
The civil penalty of $92,805,705 is the highest fine the SEC has ever levied against an individual. The white collar criminal has also been fined $10 million and is ordered for forfeit his ill-gotten gains of $53.8 million.
money.cnn.com/2011/11/08/news/companies/rajaratnam_insider_trading/index.htm?source=cnn_bin
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