Ex-correctional official sent to US prison for payments from Galleon's Rajaratnam [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
to two years in prison for corruptly accepting tens of thousands of dollars from a wealthy inmate identified by a source as Galleon Group hedge fund founder Raj Rajaratnam. U.S. District Judge William Young in Boston rejected a request by William Tidwell, 50, for a more lenient sentence, calling the corruption he engaged in while at the Federal Medical Center Devens in Ayer, Massachusetts "intolerable." Prosecutors said that corruption involved accepting over $90,000 in payments through an arrangement with an "ultra-high net worth" inmate under Tidwell's care in exchange for giving him favorable treatment. "The conduct for which you stand convicted cuts to the very heart of our justice system," Young said. "It's corruption of the most dangerous sort." Young ordered Tidwell to forfeit the $90,000 and pay a $10,000 fine. In court, the New Hampshire resident apologized for his actions, saying he owned his mistake. No one in court identified the wealthy inmate by name. But a per
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