Ex-Goldman Sachs director guilty of insider trading
A federal jury in New York on Friday convicted Rajat Gupta, a former director at invesment bank Goldman Sachs, on charges of insider trading. Prosecutors say Gupta was involved in a vast scheme orchestrated by billionaire hedge fund manager Raj Rajaratnam, who was sentenced to 11 years in prison in 2011. Gupta was accused of passing on non-public information to Rajaratnam that he had gleaned from board meetings at Goldman Sachs and other high-profile companies.
By The Week Staff | June 15, 2012
Former Goldman Sachs director Rajat Gupta, one of the most well-connected men on Wall Street, is being accused of carrying out a major insider trading scheme.
Corbis
A
federal jury in New York on Friday convicted Rajat Gupta, a former director at invesment bank Goldman Sachs, on charges of insider trading. Prosecutors say Gupta was involved in a vast scheme orchestrated by billionaire hedge fund manager Raj Rajaratnam, who was sentenced to 11 years in prison in 2011. Gupta was accused of passing on non-public information to Rajaratnam that he had gleaned from board meetings at Goldman Sachs and other high-profile companies. 
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