Tuesday, 29 July 2014
Last updated 15 hours ago
Jun 18 2014 | 9:49am ET
Convicted of assisting his longtime friend Raj Rajaratnam in his $60 million insider-trading scheme, former McKinsey & Co. chief Rajat Gupta reported to a federal prison camp yesterday to begin his two-year sentence.
Gupta arrived at the Devens, Mass., prison before his 2 p.m. deadline, the federal Bureau of Prisons confirmed. The facility where Gupta will do his time is adjacent to the medical lockup that houses Rajaratnam, who is serving an 11-year sentence.
Gupta was convicted two years ago of passing confidential information about Goldman Sachs, on whose board he served, to Rajaratnam. His is likely to be released some time next year.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…