Rajat Gupta charged with insider trading.

Desi · Post by **Desi** » Tue Mar 01, 2011 10:23 pm

Former Goldman Sachs Board Member Rajat Gupta Charged By SEC With ...

Sometime back Hedge Fund Owner/Manager/founder Rajaratnam was charged with inside trading and arrested by FBI.

Well, his inside information came from Rajat Gupta among probably others. Rajat Gupta has been charged with a variety of charges of passing on inside information. In some cases within minutes of conclusion of board meeting, information was passed and within minutes, stock market executions made making millions for Rajaratnam fund in which Rajat Gupta had parked money.

boca · Post by **boca** » Tue Mar 01, 2011 10:35 pm

From hero to zero for mere $900,000? Pathetic and disappointed.

oasis138 · Post by **oasis138** » Tue Mar 01, 2011 10:44 pm

In noone we trust!

LoveIndia · Post by **LoveIndia** » Tue Mar 01, 2011 11:02 pm

Trust everyone, but verifying yields no trust from anyone as everyone wants to make money in quick way:-)

Sid · Post by **Sid** » Tue Mar 01, 2011 11:21 pm

So he wasn't any different after all...

...sad to find out that no matter how many glass ceilings you break, greed and disregard can catch up to you

samv · Post by **samv** » Tue Mar 01, 2011 11:27 pm

boca2blr;373241From hero to zero for mere $900,000? Pathetic and disappointed.

You never know! Martha Stewart took that risk for $45,673, when she was already a billionaire. Go figure!

Desi · Post by **Desi** » Tue Mar 01, 2011 11:36 pm

boca2blr;373241From hero to zero for mere $900,000? Pathetic and disappointed.

$900K benefit was only due to one tip. There is another tip where the benefit was 3 million and another where it was much more. Information is still coming out. SEC released news this morning.

rabtag · Post by **rabtag** » Wed Mar 02, 2011 12:44 am

It raises serious questions on his integrity from his previous jobs. To think that he was a MD at McKinsey and had so much inormation at his disposal or was he caught the first time he did this?

oasis138 · Post by **oasis138** » Wed Mar 02, 2011 12:52 am

Strategically speaking I really question if Mr Gupta understood 2 cents about strategy consulting? (assuming he did do this fraud). What's the strategy in risking millions of net worth, respect, reputation etc for a few extra bucks? Go figure

VS007 · Post by **VS007** » Wed Mar 02, 2011 2:14 am

oasis138;373322Strategically speaking I really question if Mr Gupta understood 2 cents about strategy consulting? (assuming he did do this fraud). What's the strategy in risking millions of net worth, respect, reputation etc for a few extra bucks? Go figure

With republican Chris Cox be head of SEC which never believed in regulation and let industry monitor themselves to a death spiral, he thought strategically this is the new normal.