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$13.9 Million SEC Penalty is Latest Blow to Gupta in Insider Case

Bruce Carton | July 18, 2013

When you're a former Goldman Sachs board member who has already been:

(a) convicted on three counts of securities fraud and one count of conspiracy for tipping off an acquaintance (Raj Rajaratnam) about Goldman-related deals and financial results; 

(b) sentenced to two years in prison; 

(c) ordered to pay a $5 million criminal fine; and

(d) ordered to pay Goldman $6.218 million in restitution as a "victim" under the Mandatory Restitution...

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