The Wall St Journal writes; when disgraced hedge-fund titan Raj Rajaratnam is sentenced in federal court Thursday, he will come up against a hard and unavoidable truth: Inside traders are facing considerably harsher sentences than they did in the past.
Rajaratnam, Wall Street's latest symbol of perfidy and excess, is expected to receive among the longest-ever U.S. prison terms for his role in one of the biggest U.S. insider-trading cases ever, lawyers say.
A higher percentage of those found guilty of such crimes are receiving significant time behind bars than in the past, according to a Wall Street Journal analysis. In the past two years, defendants sent to prison on insider trading charges in New York federal courts have received a median sentence of about 2? 1/2 years, according to the Journal analysis of white collar sentencing data from court records and archives involving 108 cases. Just yesterday, hedge fund trader Michael Kimelman was sentenced to two and a half years in prison for inside trading...
Read more at http://online.wsj.com/article/SB10001424052970204774604576626991955196026.html?mod=business_newsreel
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