NEW YORK — Rajat Gupta, the ex-Goldman Sachs director found guilty of insider trading, was to be sentenced Wednesday and wants the judge to have him do charity work in Rwanda rather than time in a US prison. Gupta, 63, faces between eight and 10 years behind bars if prosecutors…
NEW YORK — Former Goldman Sachs director Rajat Gupta pleaded not guilty Wednesday to insider trading after giving himself up to the FBI, as the high-flying executive was caught in a growing Wall Street scandal. Indian-born Gupta is accused of leaking information to Sri Lankan-born old friend Raj Rajaratnam, a…
U.S. Treasury Secretary Timothy Geithner Friday promised “dramatic enforcement actions” against Wall Street power brokers who helped guide the economy into a slump. In an interview with CNBC’s Steve Liesman on “Squawk Box,” Geithner was asked about the “bit of chaos on Wall Street” (as Liesman characterized the Occupy Wall…
NEW YORK, March 17 (Reuters Legal) – In the ongoing insider-trading trial of Raj Rajaratnam, the government is firing some potent missiles from its arsenal of 2,400 taped phone conversations. But in a related case, a federal judge recently rebuked investigators for their handling of a wiretap, showing this powerful…