Gupta Arrives At Prison

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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of