Rajat Gupta Convicted of Insider Trading

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June 15 (Bloomberg) -- Bloomberg's Sheila Dharmarajan reports that Rajat Gupta has been convicted by a federal jury of leaking inside information to hedge-fund manager Raj Rajaratnam. Gupta was found guilty of securities fraud and conspiracy by a federal jury in Manhattan today in its second day of deliberations. Securities fraud carries a maximum prison sentence of 20 years. Conspiracy carries a five-year maximum prison sentence. He will remain free on bail until his sentencing on Oct. 18. She speaks on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)


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