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.
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