Sunday, November 19, 2017
 
 
News: Page (1) of 1 - 04/19/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
New evidence gives boost to Gupta's trial defense
Prosecutor boosts NY defense case for ex-Goldman Sachs board member in insider trading case
By The Associated Press

NEW YORK (AP) ' New York prosecutors preparing their insider trading case against a former board member of Goldman Sachs and Procter & Gamble Co. have given the defense a boost with a new revelation.

Lawyers told federal Judge Jed Rakoff (RAY'-kahf) in Manhattan on Thursday that prosecutors in California are saying that a second person within Goldman Sachs was apparently providing inside tips to the same person who Rajat Gupta (Rahj-AHT' GUHP'-tah) is accusing of tipping. Gupta is scheduled to go on trial in next month.

The revelation would be a boost to the defense because they maintain that anyone receiving inside information must have been getting it somewhere else.



Gupta is charged with giving tips to a one-time billionaire hedge fund boss who is now serving an 11 prison sentence for insider trading.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines