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Rajaratnam Judge Condemned Insider Trading in Previous Cases
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Richard Holwell, the Manhattan federal judge overseeing the trial of Raj Rajaratnam, is a former corporate lawyer who condemned insider trading in two recent cases he has handled during his eight years on the bench.
At the 2008 sentencing of Eugene Plotkin, then a 28-year-old former Goldman Sachs Group Inc. banker who pleaded guilty to insider trading, a defense attorney urged Holwell to impose a sentence below federal sentencing guidelines because of Plotkin’s youth and because a co-defendant was the mastermind behind the scheme. The judge refused.