Description: (Sri Lankan-American Former Hedge Fund Manager Who Was Sentenced for Securities Fraud)
Raj Rajaratnam is a Sri Lankan-American retired hedge fund manager. He is best known for founding a popular hedge fund management firm called the Galleon Group. In 2009, he was arrested for insider trading and was found guilty on 14 counts of securities fraud and conspiracy. In 2011, he was sentenced to 11 years in prison.