UPDATE: Money manager Raj Rajaratnam has been found guilty on all 14 counts of securities fraud and conspiracy, related to the non-crime of insider trading.
For now, Rajaratnam will be free on bail, but will be fitted with an electronic monitoring device.
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| Raj leaves court house after guilty verdict. |
Update 2: Raj will be sentenced on July 29, U.S. District Judge Richard Holwell ruled after the jury delivered its verdict.
He could face 15-1/2 to 19-1/2 years in a federal prison under sentencing guidelines, prosecutors said. Sri Lankan-born Rajaratnam is 53.
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