Rajaratnam was convicted in 2011 for massive securities fraud in the biggest-ever U.S. hedge fund insider trading scheme.
The SEC charged a Bangkok man with illegally profiting from insider trading worth $3 million.
Rajat Gupta, a former Goldman Sachs director, will do hard time for insider trading.
Ahead of his sentencing later this month, former director of Goldman Sachs Rajat Gupta has got support from prominent personalities like former U.N. Secretary-General Kofi Annan and Microsoft co-founder Bill Gates who advocated a lenient sentence for insider trading, the Wall Street Journal has reported.
Rajat Gupta, former Goldman Sachs Group director and head of consulting firm McKinsey & Co., was convicted Friday of insider trading by a New York federal jury in one of corporate America's most high-profile scandals.
Former Goldman Sachs director Rajat Gupta, who is accused of insider trading, will not testify in his own defense, according to a letter written by his main lawyer to the U.S. District Judge in New York.
Former Goldman Sachs Group Inc board member Rajat Gupta, who is on trial over insider trading charges, has decided not to take the risk of testifying in his own defence.
Lloyd Blankfein, the chief executive of Goldman Sachs Group Inc, told jurors at the insider-trading trial of one of the investment bank's former directors that all parts of a 2008 board meeting the two attended were confidential.
A New York jury on Wednesday heard former Goldman director Rajat Gupta on a FBI wiretap casually discussing business with Raj Rajaratnam, the now-imprisoned hedge fund founder he is accused of tipping off about boardroom secrets.
Former Goldman Sachs director Rajat Gupta threw away his duties by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading trial on Monday.
Federal prosecutors in California are investigating a Goldman Sachs employee for insider trading, according to prosecutors and defense lawyers who attended a hearing in U.S. federal court in New York on Thursday.
Federal prosecutors in California are investigating a Goldman Sachs employee for insider trading, according to prosecutors and defense lawyers who attended a hearing in U.S. federal court in New York on Thursday.
Former Goldman Sachs Group Inc director Rajat Gupta lost his bid to suppress wiretap evidence from his upcoming criminal insider-trading trial on charges that he leaked boardroom secrets to hedge fund founder Raj Rajaratnam.
A source at Goldman Sachs Group Inc. who has been neither charged nor identified in a broad U.S. insider-trading probe was heard via wiretap leaking secrets about Apple Inc. and the Intel Corp., an attorney for former Goldman Sachs board member Rajat Gupta said in court on Friday.
An executive of Goldman Sachs Group Inc has been investigated by the U.S. Federal authorities as part of an insider-trading probe.
US prosecutors investigating managing director at Goldman Sachs as part of probe into company's hedge-fund clients.
Carlson Capital, a hedge fund based in Dallas, said on Friday that one of its former portfolio managers had received inside information from a industry consultant who has been arrested and charged with illegally passing on inside information.
A California-based hedge fund manager surrendered to FBI agents on insider-trading charges on Friday, an FBI spokesman in New York said.
Rajat Gupta, a former director of Goldman Sachs and Procter & Gamble who is the highest-ranking executive charged in a U.S. crackdown on insider trading, could face additional allegations, a federal prosecutor said on Tuesday.
Federal prosecutors expanded their insider trading case against former Goldman Sachs Group Inc director Rajat Gupta on Tuesday, saying the illegal activity lasted longer and involved more trades than alleged.
Federal prosecutors expanded their insider trading case against former Goldman Sachs Group Inc director Rajat Gupta on Tuesday, saying the illegal activity lasted longer and involved more trades than alleged.
The names of a top executive at Berkshire Hathaway Inc. and a board member at Goldman Sachs Group Inc. surfaced on Friday as potential witnesses in the insider-trading trial of Rajat Gupta, a former director of Goldman, the Procter & Gamble Co., and other companies.