If various sources are to be believed, Raj Rajaratnam is having the time of his life in prison, where he’s “reigning like a king,” “has a very delightful guy doing all sorts of stuff for him — sort of like a ‘manservant’,” enjoys a private en suite, balcony, and adjustable bed, and gets along smashingly with his fellow inmates, who can’t help but notice how downright svelte he’s become. All that’s a good thing, as we’ve just received word he won’t be leaving any time soon.

A federal appeals court on Monday refused to disturb the insider trading conviction of Galleon Group hedge fund founder Raj Rajaratnam, one of the most prominent defendants in the U.S. government’s wide-ranging probe into insider trading. Rajaratnam, 56, is serving an 11-year prison term following his May 2011 conviction by a Manhattan federal jury on nine counts of securities fraud and five counts of conspiracy. A three-judge panel of the 2nd U.S. Circuit Court of Appeals in New York upheld that conviction in June. Monday’s order rejected Rajaratnam’s request to reconsider that ruling, or have the entire court reconsider it in an “en banc” review. The 2nd Circuit did not give a reason for its decision, and it is unclear whether Rajaratnam will now ask the U.S. Supreme Court to review his conviction.

[Reuters]

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Comments (6)

  1. Posted by Guest | November 19, 2013 at 1:42 PM

    Sounds nice and all but has he had a beer on the roof? Didn't think so.

    -Ellis Boyd 'Red' Redding

  2. Posted by guest | November 19, 2013 at 1:55 PM

    Nothin like a bottle of suds with the boys…

  3. Posted by Put_Option | November 19, 2013 at 2:29 PM

    Didn't realize getting raped through yoga pants was this year's "reigning like a king"

  4. Posted by Tabloid | November 19, 2013 at 4:08 PM
  5. Posted by Gundlach | November 19, 2013 at 5:36 PM

    I'm here for the anal play…

  6. Posted by WilliamJam | November 28, 2013 at 11:10 AM

    Wall Street professionals rarely go to prison unless they perpetrate and are found guilty of committing serious crimes. The list of ‘serious crimes’ include insider trading, securities fraud, tax evasion and money laundering, to name a few. Raj Rajaratnam – former stalwart from Wall Street who will be spending his Thanksgiving behind bars. http://goo.gl/96amaB