Galleon Group co-founder Raj Rajaratnam may face a stiffer sentence for directing the biggest-ever hedge fund insider-trading scheme after telling a court official he still wasn’t “clear” that what he did was wrong.

Prosecutors told the judge that Rajaratnam’s comments, “reflect a serious disregard for the law” and warrant a severe sentence.

Rajaratnam “cannot seriously claim confusion” about the significance of a tip about a pending deal, prosecutors said. Bloomberg