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DealBook reporter for The New York Times, who covers white collar crime and Wall Street, Peter Lattman, discusses the sentencing of Raj Rajaratnam in one of the biggest insider trader cases ever.
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Raj Rajaratnam was prosecuted for and convicted of an arguably victimless crime, and got 11 years. His crimes did not result in the crash of the whole world’s financial order. Why are the CEO’s of Citicorp, Bank of America, Goldman Sachs, etc. still free men in possession of their extremely ill gotten gains?Viva Occupy Wall Street!
Thank god the streaming is back up!! I was going crazy, listened to ABC and WOR, what crap!!!
What about all the tax payer money that paid for this prosecution? Does he have to pay back the millions sent?
I am concerned with the political quality to the enforcement of the law. I'm no defender of insider trading, but Raj's sentence should be consistent with others', and not used as a signal of how serious we are. If the crime is different in kind, let Congress specify a formula for how to single Raj out.
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