Skip to content
Subscriber Only

Gupta Wasn’t Rajaratnam’s Only Goldman ‘Insider,’ U.S. Says

A second “insider” at Goldman Sachs Group Inc. allegedly leaked tips to hedge fund manager Raj Rajaratnam, U.S. prosecutors told the judge presiding over the case of former Goldman Sachs director Rajat Gupta.

The government’s disclosure about another Goldman Sachs tipster for Rajaratnam, who was convicted of insider trading in May, came during yesterday’s arraignment of Gupta on revised insider-trading charges that broaden the scope of the alleged conspiracy. Gupta, 63, pleaded not guilty.