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Gupta is charged by SEC

first_img KCS-content Show Comments ▼ Tags: NULL Tuesday 1 March 2011 9:10 pm Gupta is charged by SEC whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap whatsapp A FORMER Goldman Sachs Group director leaked secret details to Galleon Group hedge fund manager Raj Rajaratnam about Warren Buffett’s plan to invest $5bn (£3bn) in the Wall Street bank at the height of the financial crisis, according to US securities regulator charges yesterday.The US Securities and Exchange Commission (SEC) said the director, Rajat Gupta, tipped Rajaratnam by phone just minutes before the public learned of the investment by Buffett’s Berkshire Hathaway, which helped ensure Goldman’s stability.Gupta, 62, a former worldwide managing director at consulting firm McKinsey & Co, was also accused of tipping Rajaratnam about quarterly earnings at Goldman and Procter & Gamble, where he was a director before resigning yesterday.Rajaratnam, who faces a 8 March criminal insider trading trial, allegedly reaped over $18m from the tips. Sharelast_img read more

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