2011-08-26hedgefund.net

``A former Moody's Investors Service analyst, implicated in the Raj Rajaratnam insider trading case, has been ordered to pay $34.5 million by a New York federal judge. The Securities and Exchange Commission announced Wednesday that Deep Shah -- accused of supplying inside information to longtime Rajaratnam associate Roomy Khan -- had a judgment rendered against him by U.S. District Court Judge Jed Rakoff. However, the SEC pointed out in its announcement that the former New Jersey resident may not be handing over the money anytime soon since he currently resides in India, and has not responded to the ruling against him...''


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