According to Bloomberg Raj Rajaratnam, the former hedge- fund manager serving an 11-year prison sentence for insider trading, can have his passport back, along with the title to his $17.5 million Manhattan apartment and $2.5 million in cash.
Rajaratnam, 54, the Galleon Group LLC co-founder, reported to a federal medical prison in Ayer, Massachusetts, Dec. 5 to begin serving his sentence. U.S. District Judge Richard Holwell agreed with prosecutors that Rajaratnam’s assets, which secured his $100 million bond, should be returned.
“The defendant has fulfilled all the conditions of the appearance bond and he is currently in the custody of the Bureau of Prisons serving his sentence,” lawyers for Rajaratnam and the government said in an agreement ...
Find out more at http://www.bloomberg.com/news/2011-12-12/rajaratnam-wins-return-of-passport-2-5m.html
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