The U.S. judge who is to sentence Galleon Group LLC co-founder Raj Rajaratnam for insider trading on Oct. 13 asked to see the sentencing report for Winifred Jiau, a former consultant for Primary Global Research LLC, Bloomberg reports.
Jiau was sentenced to four years in prison last week for her role in an insider-trading ring. She was convicted in June of one count each of conspiracy and securities fraud for passing earnings and other information about Nvidia Corp. and Marvell Technology Group Ltd.to two hedge fund managers.
Rajaratnam, 54, was convicted in May of 14 criminal counts of conspiracy and securities fraud for directing what prosecutors said was the largest hedge-fund insider trading ring. The U.S. has said Rajaratnam should be sentenced to a term of 19 1/2 to 24 1/2 years, a penalty the defense has called “grotesquely severe.”
The request by U.S. District Judge Richard Holwell in Manhattan, who presided over Rajaratnam’s trial, was granted Sept. 23 by U.S. District Judge Jed Rakoff, who sentenced Jiau, according to a court filing today….
Find out more at http://www.bloomberg.com/news/2011-09-26/rajaratnam-judge-asks-to-review-sentencing-report-on-jiau.html
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