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Rajaratnam’s Questioning of Law May Lead to Tougher Sentence

Galleon Group LLC co-founder Raj Rajaratnam, convicted of directing the biggest-ever hedge fund insider trading scheme, may face a stiffer sentence after telling a court official he still wasn’t “clear” that what he did was wrong.

Rajaratnam, 54, convicted in May of trading on illegal stock tips, later told a court official that he wasn’t “clear” on “the line between permissible ‘detective work’ and impermissible insider trading,” prosecutors said.