Billionaire Raj Rajaratnam Convicted On All 14 Counts Of Fraud

[WAPO] Rajaratnam, 53, head of Galleon Management, was accused of using fraud (insider trading) to reap profits or avoid losses of more than $60 million.

The verdict was a historic victory for the Justice Department.

“Rajaratnam was among the best and the brightest — one of the most educated, successful and privileged professionals in the country. Yet, like so many others recently, he let greed and corruption cause his undoing,” Manhattan U.S. Attorney Preet Bharara said in a statement.

Good riddance.

And, he's still a billionaire.