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Rajat Gupta sentenced to 2 years for insider trading

Ex-Goldman Sachs director will report to prison on Jan. 8, 2013

Rajat Gupta is headed to prison.

Yesterday, U.S. District Judge Jed Rakoff sentenced the 63-year-old former Goldman Sachs Group Inc. board member and head of McKinsey & Co. to two years in prison for his insider trading crimes, which he called “disgusting” and “a terrible breach of trust.” Rakoff also ordered Gupta to pay a $5 million fine.

Ashley Post

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