Former Goldman Sachs Group Inc. Director Rajat Gupta, convicted of insider trading in a scheme masterminded by hedge fund billionaire Raj Rajaratnam, joined his co-conspirator in a Massachusetts federal prison to begin serving a two-year sentence.
Rajat Gupta, the former Goldman Sachs Group Inc. director accused of feeding tips to Galleon Group LLC co-founder Raj Rajaratnam, was charged in an indictment that made him the highest-ranking executive arrested in a nationwide crackdown on insider trading.
Former Goldman Sachs Group Inc. director Rajat Gupta, convicted of insider trading in connection with a scheme masterminded by Galleon Group LLC hedge fund co- founder Raj Rajaratnam, began serving his two-year sentence at the federal prison where Rajaratnam is confined.
Former Goldman Sachs Group Inc. director Rajat Gupta was indicted for conspiracy and securities fraud, making him the highest-ranking executive charged in a nationwide crackdown on insider trading centered on Raj Rajaratnam, co-founder of hedge fund Galleon Group LLC.
To U.S. prosecutors, former Goldman Sachs Group Inc. director Rajat Gupta is a Wall Street insider who fed secret tips to his business partner Raj Rajaratnam so the fund manager could reap millions in illicit profits.
Former Goldman Sachs Group Inc. director Rajat Gupta asked a federal appeals court to overturn his insider-trading conviction, with his lawyer arguing that prosecutors shouldn’t have been allowed at his jury trial to use secretly wiretapped calls in which he wasn’t a participant.