Rajaratnam Classmate to Discover If He’ll Go to Prison
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Rajiv Goel, a former Wharton classmate and friend of Raj Rajaratnam who testified against the fund manager at his insider-trading trial, is due to learn whether he’ll be imprisoned or spared like other cooperators.
U.S. District Judge Barbara Jones in Manhattan opened a hearing today on the sentencing of Goel, 54, in a case that is part of the largest crackdown on insider trading at hedge funds. The government and Goel’s lawyer described in court filings his assistance in the prosecution of Rajaratnam, the Galleon Group LLC co-founder who was convicted last year by a jury and is serving an 11-year prison term.