Wednesday, 25 November 2015
Last updated 14 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…