Former Goldman Sachs board member Rajat Gupta has been sentenced to two years in prison on a conviction of insider trading. The sentence marked a major loss for prosecutors, who had sought a minimum 10-year term. Gupta was convicted of one of the biggest insider trading cases in history, passing on stock tips that helped a billionaire hedge fund manager amass over $75 million in profits. Gupta’s sentence will begin early next year.
Gupta Sentenced to 2 Years in Insider Trading Case
HeadlineOct 25, 2012