Ex-Goldman director free from prison

Rajat Gupta

Former Goldman Sachs director Rajat Gupta is a free man after serving 19 months in federal prison for leaking tips to hedge fund billionaire Raj Rajaratnam.

Bloomberg News reports that jailed in June 2014 in Devens, Massachusetts, Gupta was freed after receiving credit for good behaviour against his 30-month sentence, according to Patrick McFarland, a manager for the Federal Bureau of Prisons program in the New York area which is overseeing Gupta. McFarland declined to provide more details.

According to a person familiar with the matter, who asked not to be named because the information isn’t public, Gupta was released January 5 and has been living at his Manhattan home. He’s allowed to go to an office during weekdays, the person said.

A former McKinsey & Co. managing partner, Gupta is the highest-profile executive convicted in a U.S. crackdown on insider trading at hedge funds. Since August 2009, federal prosecutors in New York won 80 convictions.

Christian Saint-Vil, a spokesman for Manhattan U.S. Attorney Preet Bharara declined to comment on Gupta’s early release.

To access the complete Bloomberg News article hit the link below:

Ex-Goldman Director Rajat Gupta Back Home After Prison Stay

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