Gupta Insider-Trading Sentence Is Re-Set for Oct. 17
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Ex-Goldman Sachs Group Inc. director Rajat Gupta’s sentencing on securities fraud for leaking inside information to fund manager Raj Rajaratnam was reset for Oct. 17, a day earlier than previously set.
Gupta, 63, formerly managing partner of McKinsey & Co., was convicted by a federal court jury in Manhattan on June 15 of three counts of securities fraud and one count of conspiracy. Prosecutors said Gupta, who sat on the board of New York-based Goldman Sachs and Cincinnati-based Procter & Gamble Co., leaked tips he learned from board meetings to Rajaratnam, who had also been his business partner.