Fat Billionaire Sentenced to 11 Years in PrisonS

Former hedge fund heavyweight Raj Rajaratnam will do a dime and change in federal prison for his insider trading conviction.

The 11-year sentence is the longest ever for insider trading charges, evidence that the Feds' recent intense focus on insider trading is not letting up. Irrevocably shredding the consumer economy while privatizing billions of dollars in taxpayer bailouts as corporate profits is still OK, though, as long as you do it on the up-and-up.

[Photo via AP]