REPORTS ON RAJAT GUPTA’S CONVICTION IN INSIDER TRADING COMPLAINT/LAWSUIT
Dean Emeritus
Gurumurthy Kalyanaram and former professor NYIT and UT Dallas reports on Rajat Gupta’s conviction in insider trading and affirmation of the conviction by the Appeals court in the criminal prosecution/lawsuit.
Upon filing of criminal complaint/
lawsuit by the US government in the District Court, and after a jury trial, Rajat Gupta was convicted of three counts of security fraud (insider trading) and one count of conspiracy to commit fraud. Consequently, Gupta was sentenced to two years of jail and asked to pay a fine of $5 million in November 9, 2012
