Tapes Prove Ex-Goldman Director Is Galleon Tipster: US

Law360, New York (March 4, 2011, 6:55 PM EST) -- Prosecutors said Friday they intend to play recorded conversations at a trial starting as early as Tuesday that show former Goldman Sachs Group Inc. director Rajat Gupta conspired with Galleon Group LLC founder Raj Rajaratnam in insider trading activities.

Assistant U.S. Attorney Jonathan R. Streeter told Judge Richard J. Holwell in the U.S. District Court for the Southern District of New York that the federal government planned to play at least two audio recordings in which Gupta allegedly provided Rajaratnam with inside information from Goldman board...
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