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October 24, 2012

Gupta Sentenced to Two Years in Prison

“Former Goldman Sachs Group Inc. director Rajat Gupta was sentenced to two years in federal prison for leaking corporate secrets about the investment bank to a hedge-fund manager at the height of the financial crisis.

The prison term imposed by U.S. District Judge Jed Rakoff in Manhattan was a capstone to the fall of Mr. Gupta, a once-revered business leader who became the most prominent figure caught in the push against insider trading by U.S. prosecutors and the Federal Bureau of Investigation.”

Read full WSJ article here

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