Rajat Gupta, a former director at Goldman Sachs and Procter & Gamble, on Wednesday was sentenced to two years in prison for his role in an insider-trading ring orchestrated by former hedge fund manager Raj Rajaratnam. "His conduct has forever tarnished a once-sterling reputation that took years to cultivate," said Preet Bahara, the United States attorney for Manhattan. "We hope that others who might consider breaking the securities laws will take heed from this sad occasion and choose not to follow in Mr. Gupta’s footsteps." Gupta is the most well-known figure to go to prison in connection with the ring, which federal authorities say is one of the biggest ever of its kind.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- How our botched understanding of 'science' ruins everything
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Mike Huckabee's head-scratching advice to Christian voters
- 43 TV shows to watch in 2014
- The science of sex: 4 harsh truths about dating and mating
- How Scotland's independence movement lost the vote and still won everything
- 6 things the happiest families all have in common
- 13 Urban Outfitters controversies
- What would a U.S.-Russia war look like?
- Why so many Christians won't back down on gay marriage
Subscribe to the Week