Straight from the lips of BusinessInsider gurus: In the worst case scenario, Raj Rajaratnam could be in prison for the next 25 years and peeling potatoes to the tune of $0.12 an hour, according to Larry Levine, a federal prison consultant.
To be fair, Levine told Business Insider that the pay rate does eventually go up - to around $0.40 per hour - and there's a range of other jobs in prison, from filing papers to raking leaves to mopping floors.
Some legal experts also anticipate that U.S. District Judge Richard Holwell may settle on a less severe sentencing for the ex-hedge fund owner.
The Galleon Group co-founder will be sentenced tomorrow after being convicted in May on 14 counts of securities fraud...
Read more at http://www.businessinsider.com/raj-could-be-peeling-potatoes-making-12-cents-per-hour-in-prison-2011-10
No comments:
Post a Comment