• 11 May 2011 at 10:39 AM

Raj Rajaratnam Found Guilty

On all 14 counts (9 counts of insider trading, 5 of conspiracy). Raj-Raj now faces up to 19.5 years in prison.

While we wait for the sentencing, wondering what took the jury so long (12 days) to come to a decision? They just didn’t want camp to come to an end.

Jurors in the Raj Rajaratnam insider-trading trial ended their 11th day of deliberations yesterday without a verdict — but with some picturesque mementos of their time together. After court ended, five jurors — including a New York City school teacher, a nurse and a graphic designer for Apple Inc. — sat in front of the fountain in Foley Square, near the Manhattan federal court where they’ve been deliberating for three weeks, and took turns snapping group photos.

With smiles aplenty, they looked like a group that really got along. While they may not have forged a consensus on the 14-count indictment, they seemed to have forged a friendship.

[NYP]

103 comments (hidden to protect delicate sensibilities)
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Comments (103)

  1. Posted by Jason STATHAM. | May 11, 2011 at 2:53 PM

    ROCKED.

  2. Posted by Fish | May 11, 2011 at 2:53 PM

    I’m gonna be wanting that cocktail…FRUIT!

  3. Posted by Guest | May 11, 2011 at 2:54 PM

    HOSED

  4. Posted by Nobody | May 11, 2011 at 2:54 PM

    Let’s get some Drudge sirens up in this bitch.

  5. Posted by Guest | May 11, 2011 at 2:54 PM

    Look at the bright side, Raj, your lawyer got 21 charges knocked down to 14.

  6. Posted by VP | May 11, 2011 at 2:55 PM

    Fat fuck fried. Roll out the electric chair

  7. Posted by AmericanBandersnatch | May 11, 2011 at 2:56 PM

    You might want to ask for a Mulligan.

  8. Posted by Guest | May 11, 2011 at 2:57 PM

    he should have testified on his defense. that’s where it went wrong….

  9. Posted by VP | May 11, 2011 at 2:57 PM

    agreed. At least 8 sirens.

  10. Posted by VP | May 11, 2011 at 2:58 PM

    More sirens, Bess

  11. Posted by Squirrel Master | May 11, 2011 at 2:58 PM

    He’s my bitch, Nasty Nate!

  12. Posted by charlie gasparino | May 11, 2011 at 3:01 PM

    what about miss piggy , what happens to her???

  13. Posted by Nobody | May 11, 2011 at 3:01 PM

    Just one?! C’mon Bess, don’t tease us.

  14. Posted by Steve in Stamford | May 11, 2011 at 3:01 PM

    That’s not good.

  15. Posted by Randy Savage | May 11, 2011 at 3:01 PM

    Well that sucks!

    /Sacred Cow

  16. Posted by Guest | May 11, 2011 at 3:02 PM

    Doh, bet Kimelman’s not too feeling to positive about his move yday. Now he has to take a plea of insanity…

  17. Posted by VictoryIsMine | May 11, 2011 at 3:02 PM

    Yeah, but what about all those legitimate years? No one ever talks about them…

  18. Posted by Really? | May 11, 2011 at 3:02 PM

    He should have not traded on insider information. That’s where it really went wrong.

  19. Posted by Guest | May 11, 2011 at 3:03 PM

    Let’s get Charlie to give us a Cohen mood readout now.

  20. Posted by Guest | May 11, 2011 at 3:04 PM

    Exclusive footage of Raj’s near future:

    http://tinyurl.com/2dbmes

  21. Posted by Anonymous | May 11, 2011 at 3:04 PM

    Don’t worry Raj, after the daily beatings from your cellmate the infirmary gives you pain pills that are really strong.

    -Sir Allen Stanford

  22. Posted by Alowe1 | May 11, 2011 at 3:04 PM

    miss piggy, call me

  23. Posted by Alowe1 | May 11, 2011 at 3:05 PM

    white man always trying to keep the brown man down

  24. Posted by Momentus | May 11, 2011 at 3:07 PM

    Get those BROKERS back in here! Turn those MACHINES back on!

    -Duke & Duke

  25. Posted by guest | May 11, 2011 at 3:07 PM

    i think we should let raj free on no bail, maybe he’ll try to flee back to sri lanka and we’ll call it even

  26. Posted by Guest | May 11, 2011 at 3:08 PM

    Buy WDC. A lot of hedge funds all over the metro NY area will be needing new hard drives.

  27. Posted by Guest | May 11, 2011 at 3:08 PM

    Just make sure you don’t grab one of their legs when they are done kicking your head. That will surely set them off again.

    -Guy who just read a quote in the Allen Stanford beatdown article.

  28. Posted by Guest | May 11, 2011 at 3:09 PM

    thank god the jury had the decency to wait until after the robin hood do to deliver this game changing news to the hedge fund industry.

  29. Posted by The Russian | May 11, 2011 at 3:10 PM

    Justice was done. Another smart greedy guy gets what he deserves. Now has this judge any balls?

  30. Posted by Guest | May 11, 2011 at 3:11 PM

    GS has to force out Lloyd….sorry no way dude stays after having BOD implicated

  31. Posted by lax BRO | May 11, 2011 at 3:11 PM

    Game Blouses….

  32. Posted by Guest | May 11, 2011 at 3:13 PM

    Not to mention the 3 weeks of extra freedom for Jury Deliberations

    –Optimist

  33. Posted by Anonymous | May 11, 2011 at 3:17 PM

    It was after the Galleon Group that I had planned to live like a young rajah in all the capitals of Europe—Paris, Rome, Berne…

    Fond in my memory always will remain Greenwich. The mention of it makes me think of Round Hill Rd. And all she gave to me.

  34. Posted by joe | May 11, 2011 at 3:18 PM

    Ponzi scheme > insider trading. Less effort, same rewards, same eventual outcome.

    - B Madoff and Sir A Stanford

  35. Posted by Anonymous | May 11, 2011 at 3:19 PM

    Wall Street needs to go back to being a honky paradise like the 1980s

    Jimmy Cayne

  36. Posted by Guest | May 11, 2011 at 3:24 PM

    dark brown

  37. Posted by BigNastyNate | May 11, 2011 at 3:24 PM

    Who cares. Not like he’ll actually serve any time in a Federal Pound-me-in-the-ass facility.

  38. Posted by guest | May 11, 2011 at 3:25 PM

    I wonder if there are other hedge funds in the sights of the prosecutors?

  39. Posted by PasteSpecialFormats | May 11, 2011 at 3:25 PM

    The Monarch: You shouldn’t even be alive!
    Dean: Huh?
    The Monarch: I put out a hit on you. Super sorry. But, you know, I’m in mother-fucking prison here. My life is fucked.

  40. Posted by 17cadogan | May 11, 2011 at 3:26 PM

    I wonder if Raj will offer to testify against guy from Goldman for leniency….

  41. Posted by Crayola | May 11, 2011 at 3:27 PM

    Burnt Sienna

  42. Posted by assa wiper | May 11, 2011 at 3:30 PM

    shoulda listened to Kenny. Probably coulda folded with 5 yearsGalleon founder Raj Rajaratnam once “paid $4 million to have Kenny Rogers come to a birthday party at his house and sing his favorite song, ‘The Gambler,’ over and over again. Kenny refused to go on after a dozen times.”

  43. Posted by VP | May 11, 2011 at 3:30 PM

    He’s a white man covered in explosive diarrehea from last nights curry.

    - Vikram

  44. Posted by guest | May 11, 2011 at 3:32 PM

    I think if you get sentenced to over 10 years (he is looking at 15 years plus…), you are not eligible for low security places (a la Martha Stewart)…with that kind of a sentence, sentencing rules require he be sent to a medium security prison. Those places have violent federal offenders…not just white collar types…

  45. Posted by Bernie | May 11, 2011 at 3:36 PM

    PIECE OF ASS, PIECE OF ASS,PIECE OF ASS,PIECE OF ASS,PIECE OF ASS……

  46. Posted by Monopoly Money | May 11, 2011 at 3:41 PM

    Mr. Moneybags: Go directly to jail.
    Do not
    pass go,
    do not collect $200
    BODY {
    MARGIN: 8px
    }
    .LW-yrriRe {
    FONT: x-small arial
    }
    .MsoNormal {
    MARGIN: 0px
    }
    .

    Raj: Dad, is that you?

  47. Posted by Biggest Loser | May 11, 2011 at 3:44 PM

    Will there be an accompanying hunger strike?

  48. Posted by BGAL | May 11, 2011 at 3:47 PM

    Sadly highly unlikely. That blubber could last for months.

  49. Posted by Ric Flair | May 11, 2011 at 3:51 PM

    There better be…>5 years=life sentence….woooooooooo!

  50. Posted by assa wiper | May 11, 2011 at 3:52 PM

    I feel sorry for the guard that has to check his anal cavity

  51. Posted by judgemental guy | May 11, 2011 at 3:53 PM

    Sphincters are tight as a drum right now in offices all over Greenwich and the Upper East side.

  52. Posted by Hugh | May 11, 2011 at 3:55 PM

    That is 100% wrong. Bernie is at a NC Club Fed.

  53. Posted by Momentus | May 11, 2011 at 3:58 PM

    Tighter than usual?

  54. Posted by early hominid | May 11, 2011 at 4:08 PM

    When you think about it prison is just r&r. He’ll be fine.

    JD

  55. Posted by NotFair | May 11, 2011 at 4:20 PM

    For under 100 million dollar sentenced up to max. 25 years. That´s not much compared to the $50 billion of Bernie. Bernie should be post-sentenced to breath fresh air in the gas chamber, that´s justice. Now he´s sitting in his cell, giving poker advice to his abusers.

  56. Posted by Bernie | May 11, 2011 at 4:31 PM
  57. Posted by D. Kozlowski | May 11, 2011 at 4:43 PM

    Guest is correct, and there is nothing medium about medium security.

  58. Posted by guest | May 11, 2011 at 4:44 PM

    Butner has both low and medium security facilities. Madoff is in the medium security compound. Rigas happens to be in Butner low security, and apparently was sentenced to 15 years. So looks like time doesn’t matter.

  59. Posted by MakeMoneyMoney | May 11, 2011 at 4:50 PM

    it’s the good ship, galleon, when wall st has it’s rally on, when traders traid ERRBODY IN THE PLACE GETS PAID

  60. Posted by sticky fingers | May 11, 2011 at 4:56 PM

    Life is not Fair…

    heck, the call $2,500 “Grand Theft…

    LiLo

  61. Posted by I Am An Idiot | May 11, 2011 at 5:14 PM

    Guilty of being a handsome son of a bitch, maybe…..

  62. Posted by Anonymous | May 11, 2011 at 5:17 PM

    Great color!

    -GM 1984 design team

  63. Posted by Anonymous | May 11, 2011 at 5:21 PM

    Also I’m willing to bet that even the folks in a low security Federal pen aren’t exactly the type of guys your average overweight South Asian billionaire would normally be comfortable hanging out with…

  64. Posted by Nasty Nate | May 11, 2011 at 5:25 PM

    But I DID buy you… for a carton of Marlboros and a Gallon of Toilet wine… you’ll always be my bitch, Till I KILL YO ASS!

  65. Posted by Guest | May 11, 2011 at 5:41 PM

    go long boost mobile, burn phones will be in high demand

  66. Posted by Guesty Guest | May 11, 2011 at 5:49 PM

    Fatty Gonna Fry!

  67. Posted by Guest | May 11, 2011 at 5:53 PM

    This was a litmus test for the big trial later this year

  68. Posted by Guest | May 11, 2011 at 5:57 PM

    Not here. Not with my markers around.

    -P.J.

  69. Posted by Lewis Winthorpe III | May 11, 2011 at 6:27 PM

    % Ponzi schemers that get caught >>> % insider traders that get caught.

    Not even close. Other than that I have no concerns.

  70. Posted by NakedShort | May 11, 2011 at 6:34 PM

    Why the round face Raj?

  71. Posted by Guest | May 11, 2011 at 7:07 PM

    Raj Rajaratnam is a friend of mine.

    - D. Sokol

  72. Posted by ExtraOrdinaryPopularDelusions | May 11, 2011 at 7:25 PM

    My plan to corner the curry market just backfired. What am I going to do with all this crap now?

  73. Posted by WallStreetJerks | May 11, 2011 at 8:52 PM

    I will say it again and again

    DONT GET CAUGHT !

    Bernie and Raj were both the types who got owned for good reason. They had both the opinion to be absolutely secure of prosecution.

  74. Posted by Guest | May 11, 2011 at 9:02 PM

    No. That’s what the Lloyd handshake was for.

  75. Posted by Guest | May 11, 2011 at 9:04 PM

    You mean big arrest?

  76. Posted by Guestorama | May 12, 2011 at 12:39 AM

    Eat shit and die. That wasn’t the least bit funny.

  77. Posted by Guest | May 12, 2011 at 12:58 AM

    Not too dissimilar to you, vickty-vicks.

  78. Posted by Nyrebel2003 | May 12, 2011 at 1:27 AM

    I hope enjoys the medium security dick-in-his-ass!

  79. Posted by Nyrebel2003 | May 12, 2011 at 1:30 AM

    To hell with the electric chair, push him onto the 3rd rail!

  80. Posted by Guest | May 12, 2011 at 9:21 PM

    lol @ the hangover tag – very timely Bess

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