Ex-Goldman director arrested in trading case

[jaxx]

Ex-Goldman director arrested in trading case
Gupta surrenders after charges linked to convicted friend Raj Rajaratnam

updated 2 hours 32 minutes ago

NEW YORK — Former Goldman Sachs director Rajat Gupta surrendered to federal authorities Wednesday to face criminal charges related to his hedge fund manager friend Raj Rajaratnam, the central figure in a U.S. crackdown on insider trading.

An FBI spokesman said Gupta, 62, surrendered to agents at his home in Connecticut and he was driven to the New York FBI office, where he was placed under arrest at 8:15 a.m. ET.

Gupta is expected to appear in court later in the day on charges related to the Rajaratnam insider trading case, the spokesman said. Prosecutors said at Rajaratnam's trial that in 2008 Gupta leaked information about Goldman that he learned from the bank's board meetings.

Rajaratnam was convicted in May by a New York federal jury after a two-month-long trial. On Oct. 13, a judge sentenced him to 11 years in prison, a record for insider trading.

http://www.msnbc.msn.com/id/45045027/ns/...qgT2pxSk2E

Picking them off one by one.....well done.