Rajat Gupta Gets 2 Years For Hedge Fund Insider Trading
Rajat Gupta gets 2 years insider trading involving hedge fund managers, traders, consultants and executives.
The sentence was far less than the eight to ten years that prosecutors had sought,.
Rajat Gupta’s crime was “the functional equivalent of stabbing Goldman in the back,” Rakoff said. “So why did Gupta do it?”
Hedge fund manager Raj Rajaratnam is serving 11 years in prison, one of the longest sentences for insider trading, after his May 2011 conviction.