Ex-Goldman Director and hedge fund billionaire in prison 'reunion'

Rajat Gupta

Call them jailbirds of a feather.

The New York Post reports that the U.S. Federal Bureau of Prisons has white-collar felons Rajat Gupta and Raj Rajaratnam in a gilded cage.

Gupta, the former Goldman Sachs director and ex-head of McKinsey & Co., made his 2 p.m. deadline on Tuesday to report to prison after being convicted of insider trading, a Bureau of Prisons spokesperson confirmed.

The 65-year-old disgraced Wall Street figure arrived at the front gate at Federal Medical Center Devens, a minimum-security prison camp 40 miles west of Boston — and was 'reunited' with his partner in crime, billionaire hedge-fund operator Rajaratnam.

Gupta was found guilty in June 2012 of feeding insider-trading tips to Rajaratnam, who was convicted in May 2011 for using those tips to benefit his Galleon Group hedge fund.

Rajaratnam is serving his 11-year term in Devens’ medical facility, which is separate from the minimum-security prison, where Gupta will serve his two-year stretch. 

To access the complete New York Post article hit the link below:

Ex-Goldman boss begins prison term, 'reunites' with jailed partner

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