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Each count of securities fraud carries a prison term of up to 20 years.
The complaint charged him with a single count of securities fraud.
Prosecutors charged him with one count of securities fraud and one count of wire fraud.
James Alan Craig, 62, of Dunragit, Scotland, was charged with one count of securities fraud.
Donald L. Johnson, a onetime managing director at Nasdaq, pleaded guilty to one count of securities fraud.
Mr. McDermott pleaded guilty to one count of securities fraud last year and was sentenced to five months in prison.
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Mr. Shimoon pleaded guilty to two counts of conspiracy to commit wire fraud and one count of security fraud.
Either way, we're glad he fessed up to his crimes, including two counts of conspiracy to commit wire fraud and one count of security fraud.
On October 26th he was charged with five counts of securities fraud and one count of conspiracy.
In May he was found guilty of 14 counts of securities fraud and conspiracy.
Mr.Rajaratnam is fighting the charges, 14 counts of securities fraud and conspiracy.
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