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.
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