After a deliberation length that would make Henry Fonda blush, Raj Rajaratnam has been found guilty on all 14 counts of conspiracy and securities fraud. Bernie could now have a cell mate.

From the FT, which also has a batch of instant analysis:

Raj Rajaratnam, the hedge fund billionaire, was found guilty of insider trading, handing the US government a victory as it expands its prosecution of leaks on Wall Street.

After 12 days of deliberation, the jury of eight women and four men issued their verdict convicting the former head of Galleon Group on all counts. He was found guilty of making $63m by trading after learning secrets about earnings announcements and corporate takeovers before they were announced.

Expected, but damning nonetheless. And it will no doubt galvanise efforts by regulators and investigators to cast their nets more widely.

It was anticipated by legal experts that Rajaratnam would be found guilty on at least some of the counts. Intrade was pricing the odds of a guilty verdict at 94 per cent on Wednesday morning, albeit in a tiny volume betting market.

And in case you forgot here, according to court filings, is the venal bounty the insider trading brought Galleon:

This entry was posted by John McDermott on Wednesday, May 11th, 2011 at 15:53 and is filed under Capital markets, Hedge funds, People. Tagged with fraud, Galleon, insider trading, Raj rajaratnam, sec. Edit this entry.