Home New York Press Releases 2011 Statement from ADIC Fedarcyk on the Sentencing of Raj Rajaratnam

Statement from ADIC Fedarcyk on the Sentencing of Raj Rajaratnam

FBI New York October 13, 2011
  • FBI New York Press Office (212) 384-2100

FBI Assistant Director in Charge Janice K. Fedarcyk issued the following statement:

“Raj Rajaratnam is no different from a host of others who falsely attributed impressive investment results to superior research and acumen. In fact, as his trial determined, he relied on—indeed, actively cultivated—insider information. His considerable fortune was built on a clandestine network of corruption and concealment. Raj Rajaratnam did not merely bend the rules; he broke the law. There is a price to pay for that.”