Ex-correctional official sent to US prison for payments from Galleon's Rajaratnam
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A former correctional counselor at a federal prison in Massachusetts, William Tidwell, has been sentenced to two years in prison for accepting over $90,000 in payments from a wealthy inmate, identified as Galleon Group hedge fund founder Raj Rajaratnam, in exchange for favorable treatment. Tidwell pleaded guilty to charges of receiving payments in violation of his official duties, making false statements to a bank, and committing identity theft. He was ordered to forfeit the $90,000 and pay a $10,000 fine. Rajaratnam, who was convicted of insider trading in 2011, has not been charged in relation to Tidwell's case.

#Corruption #InsiderTrading #Prison #Payments #GalleonGroup #RajRajaratnam

https://www.investing.com/news/world-news/excorrectional-official-sent-to-us-prison-for-payments-from-galleons-rajaratnam-3429488