NEW YORK — Raj Rajaratnam, the hedge fund billionaire at the center of the biggest insider-trading case in U.S. history, was sentenced Thursday to 11 years behind bars — the stiffest punishment ever handed out for the crime.
“His crimes and the scope of his crimes reflect a virus in our business culture that needs to be eradicated,” U.S.
District Judge Richard J. Holwell said. “Simple justice requires a lengthy sentence.”
