Raj Rajaratnam, the hedge fund manager sentenced to 11 years in prison for insider trading, was assigned to a federal prison medical center in Massachusetts, a person familiar with the matter told Bloomberg.
Rajaratnam, 54, was ordered by U.S. District Judge Richard Holwell to report to prison on Dec. 5. At Rajaratanam’s request, Holwell, who handed down the sentence on Oct. 13 in Manhattan federal court, recommended the Galleon Group LLC co-founder do his time at the Federal Correctional Complex in Butner, North Carolina, where convicted Ponzi schemer Bernard Madoff is serving a 150-year sentence.
Rajaratnam, who says he has health problems including diabetes and will probably need dialysis and eventually a kidney transplant, was instead assigned by the Federal Bureau of Prisons to the Federal Medical Center Devens, according to the person, who declined to be identified because the matter isn’t public. Devens is located on the decommissioned Fort Devens military base in Ayer, Massachusetts, 39 miles (63 kilometers) west of Boston….
There’s more at http://www.bloomberg.com/news/2011-11-03/rajaratnam-said-to-be-assigned-to-massachusetts-medical-prison.html
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