Breaking: Former Goldman Sachs executive convicted of fraud, insider trading

Former Goldman Sachs executive convicted of fraud, insider trading

Los Angeles Times | June 15, 2012 | 9:32 AM

Rajat Gupta, a former director at Goldman Sachs Group Inc., was convicted today by a federal jury on four criminal counts in a wide government push against insider trading.

Gupta was found guilty of three counts of securities fraud and one count of conspiracy for leaking stock tips to the Galleon Group hedge fund. He was acquitted on two counts of securities fraud.

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