Securities Law News

Galleon’s Rajaratnam Free From Prison After Almost 8 Years (2)

Sept. 6, 2019, 4:00 AMUpdated: Sept. 6, 2019, 3:36 PM

Raj Rajaratnam, the mastermind of what prosecutors said was one of the largest hedge-fund insider-trading rings in U.S. history, is out of prison -- almost two years early.

Rajaratnam, whose Galleon Group LLC once managed more than $7 billion, is back with his family on a quiet block of Manhattan’s East Side, where he’s mostly confined to his apartment for the remainder of his sentence. He’s free to work outside his home during the day.

Sentenced to 11 years behind bars after his 2011 conviction, he served his time at the Federal Medical Center Devens, a prison outside Boston....

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