Raj Rajaratnam
| Raj Rajaratnam | |
|---|---|
| Born |
Rajakumaran Rajaratnam June 15, 1957 Colombo, Dominion of Ceylon (now Sri Lanka) |
| Citizenship | American |
| Alma mater |
University of Sussex University of Pennsylvania |
| Occupation | Hedge fund manager |
| Net worth | $1.8 billion (2009) |
| Spouse(s) | Asha Pabla |
| Children | 3 |
| Relatives |
Rengan Rajaratnam Ragakanthan Rajaratnam |
Raj Rajaratnam (Tamil: ராஜ் ராஜரத்தினம்; born Rajakumaran Rajaratnam; June 15, 1957) is a Sri Lankan-American former hedge fund manager and billionaire founder of the Galleon Group, a New York-based hedge fund management firm. On October 16, 2009, he was arrested by the FBI for insider trading, which also caused the Galleon Group to fold. He stood trial in U.S. v Rajaratnam (09 Cr. 01184) in the United States District Court for the Southern District of New York, and on May 11, 2011 was found guilty on all 14 counts of conspiracy and securities fraud. On October 13, 2011, Rajaratnam was sentenced to 11 years in prison and fined a criminal and civil penalty of over $150 million combined.
As of February, 2017, Rajaratnam is incarcerated at Federal Medical Center, Devens in Ayer, Massachusetts, an administrative facility housing male offenders requiring specialized or long-term medical or mental health care. Rajaratnam's release date is July 4, 2021.
Rajaratnam is an ethnic Sri Lankan Tamil born in Colombo in the Dominion of Ceylon, present-day Sri Lanka. His father was the head of the Singer Sewing Machine Co. in South Asia. He attended S. Thomas' Preparatory School, Kollupitiya before his family migrated to England. Rajaratnam’s family emigrated to England in 1971, "sensing that the [post-independence Sri Lankan ethnic] situation would get more violent". He attended Dulwich College in London and later studied engineering at the University of Sussex, and then earned an M.B.A. from the Wharton School of the University of Pennsylvania in 1983. He became a naturalized United States citizen in 1986. He is married with three children and maintains residences in Connecticut, New York, Georgetown (DC) and Florida.
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