Rajaratnam ordered to pay $92.8 million in SEC case

Reuters

Raj Rajaratnam

Galleon Group

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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)

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