Rajaratnam ordered to pay $92.8 million in SEC case

Raj Rajaratnam

Galleon Group

Securities and Exchange Commission

The penalty was imposed by U.S. District Judge Jed Rakoff in Manhattan.

Rajaratnam was convicted in May of 14 counts of securities fraud and conspiracy in a separate criminal case. Rakoff's colleague, U.S. District Judge Richard Holwell, sentenced Rajaratnam last month to an 11-year prison term.

(Reporting by Jonathan Stempel in New York, editing by Matthew Lewis)