Hedge Fund Tycoon Convicted In Insider Trading Case

NEW YORK (Reuters

Jurors in the insider trading case of Rajat Gupta heard closing arguments on Wednesday. Gupta is the former head of McKinsey and Company, and a close associate of Raj Rajaratnam, the hedge fund manager who was convicted of insider trading last year.» E-Mail This     » Add to Del.icio.us

Jurors in the insider trading case of Rajat Gupta heard closing arguments on Wednesday. Gupta is the former head of McKinsey and Company, and a close associate of Raj Rajaratnam, the hedge fund manager who was convicted of insider trading last year.» E-Mail This     » Add to Del.icio.us

With the entire world, and certainly GETCO's ES and EURUSD algos, focused on every single update out of the Italian Senate race, which now appears certain to not bring the necessary 158 seats to the Bersani-Monti coalition leading to a chaotic revote in the coming months, here is some tangential news of the "who could have ever seen this coming variety." Following last week's Heinz insider trading probe, which implicated a Goldman Sachs account in Zurich belonging to some private wealth client, who was so anonymous

Former Goldman Sachs director Rajat Gupta is convicted on securities fraud and conspiracy charges.

The insider trading case against Rajat Gupta is in the jury's hands. Gupta was a former member of the board of directors of Goldman Sachs and a close associate of Raj Rajaratnam, the hedge fund manager who was convicted of insider trading last year.» E-Mail This     » Add to Del.icio.us

Billionaire hedge fund titan Steven A. Cohen, one of the most high-profile and controversial Wall Street figures of the last decade, has been implicated in what federal officials are calling “the largest insider trading case ever charged by the SEC,” according to The Wall Street Journal.