What a shock. Raj is guilty.
When you've got a trove of incriminating wiretaps and enough plea-copping associates of the defendant to populate a couple of baseball teams, it isn't a surprise that a New York jury would convict the billionaire co-founder of the hedge fund Galleon Group LLC.
On Wednesday, a jury said Raj Rajaratnam was guilty of 14 counts of conspiracy and securities fraud in an insider trading trial that lasted two months. He faces 15 ½ to 19 ½ years in prison when he is sentenced July 29, though his potty-mouthed lawyer, John Dowd, said he intends to appeal.