Rajaratnam becomes a ‘whipping boy’ for Wall Street misdeeds

“The punishment doesn’t fit the crime. Rajaratnam is a victim of prosecutorial overreach,” said an investment banker of Indian heritage, whose firm’s policy do not allow use of his name. “Instead of going after the big fish, prosecutors socked it to a first generation immigrant as Raj is not part of the connected-elite. This isn’t going to stem illegal exchange of confidential information on Wall Street.”

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