Rajaratnam Cooperator Smith Granted Two Years’ Probation
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Adam Smith, a former Galleon Group LLC portfolio manager described by prosecutors as a “key” cooperating witness against Raj Rajaratnam, was sentenced to two years’ probation and agreed to forfeit $105,300.
“I am deeply sorry for the mistakes I’ve made and I’m incredibly humbled and ashamed,” Smith said when he was sentenced yesterday in Manhattan federal court. “I apologize to those who I have caused pain and harm, to my wife, my friends and my family. I love my wife, my sons, my family and my friends.”