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Wednesday, October 31, 2012

Ex-Goldman director Rajat Gupta sentenced to 2 years in prison - Los Angeles Times

Ex-Goldman director Rajat Gupta sentenced to 2 years in prison - Los Angeles Times

Former Goldman Sachs director Rajat Gupta will spend two years behind bars for sharing secret company information with a hedge fund manager, becoming the highest-profile Wall Street figure heading to prison for insider trading.
Gupta once headed the prestigious consulting firm McKinsey & Co. and also served as a director to Procter & Gamble. His philanthropy around the globe has also been stunning, as Microsoft co-founder Bill Gates, former United Nations secretary general Kofi Annan and scores of others told the court in letters.

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