Wall Street rogues: Infamous corporate villains
Rajat Gupta, a former director at Goldman Sachs, is facing up to a decade in prison this week for insider trading.
The onetime managing partner of the McKinsey & Co. consulting firm was convicted in June on securities fraud and conspiracy charges for leaking confidential information to former business partner and hedge-fund manager Raj Rajaratnam. Gupta’s defense attorneys are seeking probation or community service in New York or Rwanda.
But bad behavior on Wall Street is hardly rare. Here's a look at some other real-life Gordon Gekkos – at least, the ones who were caught.
The former Goldman Sachs director was convicted in June of securities fraud and conspiracy for passing confidential information to hedge-fund manager Raj Rajaratnam. Rajaratnam, who ran New York-based Galleon Group, was sentenced last year to 11 years in prison after being found guilty of insider trading. His prison term far exceeds other Wall Street denizens accused of trading illegal information.