{"id":32109,"date":"2012-10-24T08:49:07","date_gmt":"2012-10-24T12:49:07","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=32109"},"modified":"2012-10-24T08:58:15","modified_gmt":"2012-10-24T12:58:15","slug":"gupta-to-receive-sentence-for-hedge-fund-fraud","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2012\/gupta-to-receive-sentence-for-hedge-fund-fraud.html","title":{"rendered":"Rajat Gupta To Receive Sentence For Hedge Fund Fraud Today"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/alg_rajat-gupta.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-20959\" title=\"Rajat Gupta\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/alg_rajat-gupta.jpg\" alt=\"\" width=\"252\" height=\"382\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/alg_rajat-gupta.jpg 252w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/alg_rajat-gupta-197x300.jpg 197w\" sizes=\"auto, (max-width: 252px) 100vw, 252px\" \/><\/a>New York (HedgeCo.Net) &#8211; At 2:00pm today Rajat Gupta, a former member of the Board of Directors at Goldman Sachs, will receive his prison\u00a0sentence\u00a0by U.S. District Judge Jed Rakoff.<\/p>\n<p>Gupta was found guilty on June 18th 2012 by a jury in Manhattan federal court. He was accused of conspiracy and securities fraud crimes stemming from his involvement in an insider trading scheme with his business partner and friend, Raj Rajaratnam, the founder and former head of the Galleon Group hedge fund.<\/p>\n<p>Rajaratnam\u00a0will be seeking\u00a0to overturn his conviction in court tomorrow.\u00a0Rajaratnam&#8217;s lawyers plan to argue that the investigators left out key information when they sought court approval for their wiretap in 2008.<\/p>\n<p>Gupta\u2019s lawyers will ask for\u00a0probation and community service, proposing that he work with needy children in New York or the poor in Rwanda, Bloomberg reports.<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; At 2:00pm today Rajat Gupta, a former member of the Board of Directors at Goldman Sachs, will receive his prison\u00a0sentence\u00a0by U.S. District Judge Jed Rakoff. Gupta was found guilty on June 18th 2012 by a jury [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,12,16034,3],"tags":[],"class_list":["post-32109","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedge-fund-regulation","category-hedge-fund-rulings","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/32109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=32109"}],"version-history":[{"count":9,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/32109\/revisions"}],"predecessor-version":[{"id":32114,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/32109\/revisions\/32114"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=32109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=32109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=32109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}