A relative small fry gets 5 1/2 years in prison for his role in the Galleon Group insider trading scheme. Looks like Raj will get the full 25 years the government’s asking for. That’s a sentence that, at 25, might, maybe, be bearable, but speaking as someone roughly Raj’s age, you’re looking at losing what’s left of the good part of life.
Several us were discussing this over the weekend – why would a billionaire risk all this just to maybe add a couple of million to his wealth? Conclusion: ego and the desire to win. Even dumber, as the feds drew close, why didn’t he flee to his native Sri Lanka, where they worship him and would never extradite him? We couldn’t figure that one out.