Rajat Gupta Convicted of Insider Trading – NYTimes.com

Rajat Gupta Convicted of Insider Trading – NYTimes.com.

Nader Nazemi


Rajat K. Gupta, the retired head of the consulting firm McKinsey & Company and a former Goldman Sachs board member, was found guilty on Friday of conspiracy and securities fraud. He is the most prominent business executive convicted in a wave of prosecutions that followed the government’s sweeping investigation into insider trading on Wall Street. 

Nader Nazemi
Preet S. Bharara, the United States attorney in Manhattan.

“Having fallen from respected insider to convicted inside trader, Mr. Gupta has now exchanged the lofty board room for the prospect of a lowly jail cell,” Preet Bharara, the United States attorney in Manhattan said in a statement.

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