NEW YORK — Former McKinsey & Co. partner Anil Kumar was sentenced to two years’ probation for insider-trading crimes in light of what prosecutors called his “extraordinary” cooperation in the trials of Raj Rajaratnam and Rajat Gupta.
US Circuit Judge Denny Chin in Manhattan Thursday declined to send Kumar to prison, noting that he was a key witness in what the government has called the biggest insider-trading cases in US history. Chin also ordered Kumar, 53, to pay a $25,000 fine and forfeit $2.26 million.
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Have some cheese, rat.