Rajaratnam starts term at Devens
The hedge fund founder handed the longest prison term ever given for insider trading reported to a federal facility in Massachusetts early Monday afternoon to begin serving his 11-year sentence. Raj Rajaratnam reported to the Federal Medical Center in Devens, U.S. Bureau of Prisons spokeswoman Traci Billingsley said. The prison for men is located in north-central Massachusetts, about 40 miles west of Boston. The facility on decommissioned military base Fort Devens houses inmates who require specialized or long-term medical or mental health care.