Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Goldman Sachs Director Gets 2 Years in Prison
Posted
October 27, 2012
Views
48,941
Likes
1,564
Comments
337
Engagement
3.88%
October 27, 2012
48,941
1,564
337
3.88%
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6:18Now Playing"Rajat K. Gupta, the former Goldman Sachs director, was sentenced to two years in prison on Wednesday for leaking boardroom secrets to the former hedge fund manager Raj Rajaratnam.
Mr. Gupta, 63, who ran the consulting firm McKinsey & Company and served as a major adviser to the philanthropic efforts of Bill Gates and Bill Clinton, is the most prominent figure to face prison in the government's sweeping crackdown on insider trading. The court also ordered Mr. Gupta to pay a $5 million fine.
"He is a good man," Judge Jed S. Rakoff said of Mr. Gupta on Wednesday. "But the history of this country and the history of the world is full of examples of good men who did bad things."
Appeal in Insider Trading Case Centers on Wiretap (Oct. 23, 2012)
At Wednesday's sentencing, Mr. Gupta appeared more haggard and strained than he did during his monthlong trial in May. After the sentence was issued, he sat expressionless, flanked by his lawyers."* Cenk Uygur breaks down Gupta's sentence and how much punishment he may actually receive.
*Read more from Peter Lattman/New York Times:
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