21 November 2011 / by Radmila Gurkova

This week in your classes - Raj Rajaratnam jailed for 11 years for insider trading. The famous money scandal turns into a topic in your classes

httpv://www.youtube.com/watch?v=5nAYAnwWsfQ

Raj Rajaratnam, a former billionaire described by the government as "the modern face of illegal insider trading" was sentenced Thursday to 11 years in prison, the longest insider trading sentence ever.

A former hedge-fund manager has been sentenced to 11 years in jail for one of the biggest insider trading cases in American history.  Raj Rajaratnam, 54, was fined $10m (£6.4m).  The Galleon Group founder made well over $50m from illegal trades.  Sri Lankan-born Rajaratnam was convicted of 14 counts of securities fraud and conspiracy charges in May after a two-month trial.

District Judge Richard Holwell disclosed that Rajaratnam has advanced diabetes and needs a kidney transplant, and that this had been taken into consideration in the sentencing.  The judge also praised Rajaratnam's philanthropy for victims of the earthquake in Pakistan and the 9/11 attacks.

Learn more about this case and practice some interesting vocabulary in your class.

03

November 2011
Do you speak English?
by Radmila Gurkova
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01

November 2011
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28

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28

October 2011
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28

October 2011
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27

October 2011
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by Radmila Gurkova
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23

October 2011
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by Radmila Gurkova
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21

October 2011
Friday Meeting 21/10/2011
by Radmila Gurkova
This weeks meeting focus is on telephone classes, the S1 beginners’ course, Legal (Law course) and P4 structure material. Although we’ve had positive feedback on most issues covered in the meeting, we still need to improve in some areas. ...

21

October 2011
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by Radmila Gurkova
httpv://www.youtube.com/watch?v=1OCkyZ7dlq8 Basque separatist group ETA declared a ceasefire on Sunday in its bloody 42-year campaign for a homeland independent of Spain, vowing to give up guns and bombs to seek a democratic solution. Spain's prime minister has hailed the end of Basque separatist group Eta's arme...

19

October 2011
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by Radmila Gurkova
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