Gupta Gets 2 Years For Insider Trading

Law360, New York (October 24, 2012, 4:57 PM EDT) -- Former Goldman Sachs Group Inc. director Rajat Gupta, the most high-profile defendant targeted in the government's recent crackdown on insider trading, was sentenced to two years in prison Wednesday in New York federal court.

Gupta, a business luminary best known for his stint as first non-U.S. born leader of the multinational consultancy McKinsey & Co., passed tips from private Goldman board meetings to hedge fund founder Raj Rajaratnam. His arrest and subsequent conviction in June ended a career at the pinnacle of the U.S. business world,...
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