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

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

Securities and Exchange Commission Chair Mary Jo White will step down as chair of the nation’s Wall Street overseer in January, setting the stage for a potential conservative shift in the regulator’s leadership under the incoming Donald Trump administration.