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Convicted conman Raj Rajaratnam begins 11-year…
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Convicted conman Raj Rajaratnam begins 11-year prison sentence

FILE PHOTO: Raj Rajaratnam, the Galleon Group co-founder accused of insider trading, exits federal court in New York, U.S., on Wednesday, March 23, 2011. Rajaratnam, convicted of directing the biggest insider-trading ring in a generation, must go to prison while he challenges the government's use of wiretaps in his trial, an appeals court ruled. Rajaratnam is scheduled to begin an 11-year sentence at Federal Medical Center Devens in Ayer, Massachusetts, on Dec. 5. Photographer: Jin Lee/Bloomberg *** Local Caption *** Raj Rajaratnam
FILE PHOTO: Raj Rajaratnam, the Galleon Group co-founder accused of insider trading, exits federal court in New York, U.S., on Wednesday, March 23, 2011. Rajaratnam, convicted of directing the biggest insider-trading ring in a generation, must go to prison while he challenges the government’s use of wiretaps in his trial, an appeals court ruled. Rajaratnam is scheduled to begin an 11-year sentence at Federal Medical Center Devens in Ayer, Massachusetts, on Dec. 5. Photographer: Jin Lee/Bloomberg *** Local Caption *** Raj Rajaratnam
By | newsroom@denverpost.com | The Denver Post
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AYER, Mass. — Raj Rajaratnam leaves behind the ruins of a Wall Street career that made him a billionaire hedge fund manager to begin an 11-year prison sentence, the price for running a far-flung insider-trading conspiracy.

While the millions of dollars he made on illegal trades will be replaced by manual labor starting at 12 cents an hour, Rajaratnam, 54, surrendered Monday, said Robert Lanza, a spokesman for Federal Medical Center Devens. At 12:15 p.m., a red SUV with tinted windows and government license plates entered the prison grounds with a state police escort. Bloomberg News

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