Insider trading case: Rajat Gupta to be sentenced today - NewsX

  • 5 years ago
Rajat Gupta, a former Goldman Sachs Group director, will come before Jed Rakoff in Manhattan federal court today to be sentenced for leaking stock tips to the now imprisoned hedge fund founder Raj Rajaratnam. Gupta was convicted by a jury in June this year in a closely followed trial. Prosecutors say the IIT-ian who is the most high profile Wall Street Executive to be convicted in the U.S govt's crackdown on Insider Trading, deserves 10 years in prison. 63-year-old Gupta was convicted on three counts of securities fraud and one count of conspiracy.

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