<p>Federal prosecutors added two new securities fraud charges against the Tamil Sri Lankan billionaire in an indictment filed in a Manhattan federal court on Wednesday.<br /><br />The superseding indictment also strengthens several of the other 17 charges against the former hedge fund chief, increases the amount of ill-gotten gains he allegedly netted and lengthens the time frame of the scheme.<br /><br />If convicted of all of the charges, Rajaratnam, who has pleaded not guilty, could face as much as 185 years in prison.Prosecutors are also demanding a total of $49 million in forfeitures from both Rajaratnam and his co-defendant, former New Castle Partners portfolio manager Danielle Chiesi. In the earlier indictment, prosecutors were seeking just $20.8 million.<br /><br />Chiesi does not face any new counts in the indictment, but several of the 17 already levelled against her were amended with new allegations.<br /><br />The new counts and allegations stem from two of the nine guilty pleas won by prosecutors in a case that has netted 21 people.<br /><br />Two Indian-American executives, Anil Kumar, formerly of McKinsey & Co, and Rajiv Goel, formerly of Intel, both admitted to passing confidential information to Rajaratnam. Kumar alleges that Rajaratnam paid him as much as $2 million for the tips.</p>
<p>Federal prosecutors added two new securities fraud charges against the Tamil Sri Lankan billionaire in an indictment filed in a Manhattan federal court on Wednesday.<br /><br />The superseding indictment also strengthens several of the other 17 charges against the former hedge fund chief, increases the amount of ill-gotten gains he allegedly netted and lengthens the time frame of the scheme.<br /><br />If convicted of all of the charges, Rajaratnam, who has pleaded not guilty, could face as much as 185 years in prison.Prosecutors are also demanding a total of $49 million in forfeitures from both Rajaratnam and his co-defendant, former New Castle Partners portfolio manager Danielle Chiesi. In the earlier indictment, prosecutors were seeking just $20.8 million.<br /><br />Chiesi does not face any new counts in the indictment, but several of the 17 already levelled against her were amended with new allegations.<br /><br />The new counts and allegations stem from two of the nine guilty pleas won by prosecutors in a case that has netted 21 people.<br /><br />Two Indian-American executives, Anil Kumar, formerly of McKinsey & Co, and Rajiv Goel, formerly of Intel, both admitted to passing confidential information to Rajaratnam. Kumar alleges that Rajaratnam paid him as much as $2 million for the tips.</p>