CNNMoney reports that white collar convict Raj Rajaratnam arrived at a federal prison in Massachusetts on Monday to begin serving eleven years, the longest-ever sentence for insider trading.
Robert Lanza, spokesman for the Federal Medical Center Devens in, Mass., said that Rajaratnam arrived at 12:30 p.m.
It was widely expected that the former hedge fund head would serve at least part of his 11-year sentence at Devens, which specializes in the treatment of prisoners with kidney trouble. Rajaratnam is a diabetic facing imminent kidney failure and will need a transplant, according to the federal judge who sentenced him...
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