One would think that after all of the publicity in recent years about insider trading and its illegality, that such a phenomenon would be a thing of the past. Not so. On Oct. 13, 2011, the hedge fund billionaire Raj Rajaratnam, received the longest prison sentence to date for insider trading. A judge for the Federal District Court of Manhattan, Richard J. Howell, sentenced Rajaratnam to 11 years in prison. I have no doubt that there are still people who wonder what the big deal is about insider trading. It seems to be a victimless crime, right?
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Who's Hurt by Insider Trading
Posted by: Theodore F. di Stefano November 4, 2011 08:00 AMOne would think that after all of the publicity in recent years about insider trading and its illegality, that such a phenomenon would be a thing of the past. Not so. On Oct. 13, 2011, the hedge fund billionaire Raj Rajaratnam, received the longest prison sentence to date for insider trading. A judge for the Federal District Court of Manhattan, Richard J. Howell, sentenced Rajaratnam to 11 years in prison. I have no doubt that there are still people who wonder what the big deal is about insider trading. It seems to be a victimless crime, right?