Major Obama Campaign Contributor Found Guilty on 14 Felony Counts

Posted by on Nov 08, 2011 at 6:01 pm


This guy wasn’t a small time contributor either. Records show he contributed over $30,000 the Obama campaign in 2008.

Today he was sentenced to the largest fine ever levied for insider trading.

Disgraced hedge fund manager Raj Rajaratnam was slapped with a record $92.8 million civil penalty Tuesday by the Securities and Exchange Commission.

Rajaratnam, a founder of the Galleon Group hedge fund, was sentenced last month to 11 years in prison and fined $10 million following his conviction on 14 felony counts related to one of the biggest insider-trading schemes in history.

 In a statement released by the SEC, the regulatory agency said the $92.8 million civil fine “marks the largest penalty ever assessed against an individual in an SEC insider trading case.”
In total this guy has been fined in excess of $157 million.

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