Rajat Gupta was sentenced to two years in prison and ordered to pay a $5 million fine for
A) Trading on inside information
B) Leaking tips to Raj Rajaratnam, a hedge-fund billionaire
C) Committing fraud in the sale of securities in an IPO
D) Committing fraud in the theft of assets from the company he head

Question

Quizplus · Accepted Answer

Rajat Gupta was convicted of leaking insider tips to Raj Rajaratnam, a hedge-fund billionaire, while serving as a board member for Goldman Sachs and Procter & Gamble. He was not found guilty of committing fraud in the sale of securities or in the theft of assets.

Rajat Gupta Was Sentenced to Two Years in Prison and Ordered