Gupta Ordered To Prison This Month

Jun 2 2014 | 6:29am ET

If Rajat Gupta is to see his insider-trading conviction overturned, he’ll have to do so from behind bars.

The former McKinsey & Co. chief, who was convicted in 2012 of passing confidential information about Goldman Sachs to Galleon Group founder Raj Rajaratnam, was ordered to begin his two-year prison term on June 17. A federal appeals court in New York on Friday rejected his request to remain free on bail pending his appeal to the U.S. Supreme Court.

Gupta served on Goldman’s board and was convicted of passing confidential information about the bank to Rajaratnam, who is serving an 11-year prison term himself. In March, Gupta’s conviction was upheld by the federal appeals court in Manhattan.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note