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    Shah’s Grand Daughter Weds American In New York

    Shah’s Grand Daughter Weds American In New York

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    Fruit Peddler To Hang For His Protest Poetry From Buying Texas Land

    UK Arrests Two Bands Of Iranians For Plotting Attacks

    UK Arrests Two Bands Of Iranians For Plotting Attacks

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    Storms Pound Many Parts Of Iran, Killing Nine

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    Snatch And Grab Thievery Now All The Rage

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    Iranian Student In Alabama To Self-Deport Despite Withdrawal of Initial

    Iranian Student In Alabama To Self-Deport Despite Withdrawal of Initial

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    Novel Tells Story Of Five Women In A Family That Leaves Iran For America

    Canada Party Boss Says Iran’s Leaders Are ‘Liars’

    Canada Party Boss Says Iran’s Leaders Are ‘Liars’

  • Diaspora
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    Banks Must Keep More Money On Hand

    Banks Must Keep More Money On Hand

    Russian Says Iran Watermelons Unsafe

    Russian Says Iran Watermelons Unsafe

    Iran Not To Be Self-Sufficient In Wheat This Year

    Iran Not To Be Self-Sufficient In Wheat This Year

    Opec Pumps More Crude, Just When Its Not Needed

    Opec Pumps More Crude, Just When Its Not Needed

    Lithium Deposits Being Hyped By Some in Iran

    Lithium Deposits Being Hyped By Some in Iran

    Despite Trump, Iran Sells China More Oil

    Despite Trump, Iran Sells China More Oil

    Despite Revolutionary Goals, Iran’s Exports Still Mostly Oil-Based

    Trump Hits Iran With 10% Tariff On Next-To-No Trade

    Trump Hits Iran With 10% Tariff On Next-To-No Trade

    The Oil Patch

    The Oil Patch

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    Two Cabinet Ministers Convicted in $3.4B Case of Corruption at Tea Firm

    Two Cabinet Ministers Convicted in $3.4B Case of Corruption at Tea Firm

    Resolution in US House Would Very Quietly Endorse Mojahedin-e Khalq

    Resolution in US House Would Very Quietly Endorse Mojahedin-e Khalq

    Subsidized Currency Stays

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Iranian jailed in huge insider trading case

sentenced in what may be the largest hedge fund insider trading case in history.

The 39-year-old is among 21 people arrested and one of a dozen to plead guilty to securities fraud and conspiracy to commit securities fraud in a case surrounding the hedge fund, Galleon Group, which closed last year.

The central player, Galleon Group founder Raj Rajaratnam, says all trading was done on publicly available information. Rajaratnam is currently free on $100 million bail and awaiting trial.

The former vice president of California technology chipmaker Atheros Communications, Hariri admitted to giving insider information about his company to a friend who used it to make trades that earned more than $50 million.

Hariri’s lawyers said in court papers that his friend was a trusted mentor who used the information without Hariri’s knowledge. They requested less than the recommended federal sentence of two years, saying, “Mr. Hariri did not profit directly from these trades, he has suffered irreparable harm to his reputation, and he will never again work as an executive in a technology firm.”

US District Judge Richard J. Holwell, who announced Hariri’s sentence on Monday noted, “The harm is a harm to the system.” For the risk his behavior posed to a fair marketplace, Hariri was sentenced to 18 months in prison.

Hariri’s family left Tehran in 1980 after Iraq’s invasion with only $1,200. He earned his bachelor’s and master’s degrees in electrical engineering from the University of Connecticut.

Now, he writes in a letter to the court, “I am truly sorry for what I did and I will regret it for the rest of my life.”                      

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