Rajat Gupta

5 Stories

Ex-Goldman Exec Gets 2 Years for Insider Trading

Rajat Gupta also has to pay $5M fine

(Newser) - A former Goldman Sachs and Procter & Gamble board member once widely respected worldwide for his business smarts was sentenced today to 2 years in prison for feeding inside information about board dealings with a billionaire hedge fund owner who was his friend. Rajat Gupta, 63, of Westport, Conn., was... More »

Ex-Goldman Honcho Guilty of Fraud

Rajat Gupta convicted in insider trading scandal

(Newser) - A former Goldman Sachs director accused of feeding confidential information to a corrupt hedge fund manager has been convicted of conspiracy and three counts of securities fraud. A jury acquitted Rajat Gupta on two other securities fraud counts. Gupta's adult daughters hugged and wept as the verdict was read;... More »

Goldman's Golden Analyst Under Investigation

Henry King may have leaked inside info to hedge funds

(Newser) - Federal investigators have set their sights on famed Goldman Sachs tech analyst Henry King in a broadening insider trading probe. The Feds suspect King, who is known for his spot-on calls, may be leaking inside information from Taiwanese electronic parts manufacturers to US investors, sources tell the Wall Street Journal... More »

Wall Street Exec Pleads Not Guilty to Insider Trading

Rajat Gupta could face serious prison time if convicted

(Newser) - A former board member of Goldman Sachs and Procter & Gamble pleaded not guilty this afternoon to federal charges accusing him of acting as "the illegal eyes and ears in the boardroom" for a friend. The friend, of course, is billionaire hedge fund founder Raj Rajaratnam, who was sentenced... More »

Ex-Goldman Exec Charged With Fraud

Rajat Gupta accused of leaking info to Galleon director

(Newser) - Former Goldman Sachs director Rajat Gupta surrendered to federal authorities today to face charges related to insider trading, the AP reports. Gupta appeared in Manhattan federal court and was charged with one count of conspiracy to commit securities fraud and five counts of securities fraud. The longtime McKinsey & Company... More »

5 Stories