Wednesday, May 23, 2012

Economy - Voice of America: Testimony Begins in US Insider Trading Trial

Economy - Voice of America
economy-and-business
Testimony Begins in US Insider Trading Trial
May 23rd 2012, 11:43

NEW YORK -  The first witnesses have testified in the insider trading trial of Rajat Gupta, a former head of the global consulting firm McKinsey & Company, who is alleged to have engaged in insider trading while serving on the boards of Goldman Sachs Group and Procter & Gamble. Federal prosecutors allege that Gupta telephoned a friend and investment partner, Raj Rajaratnam, seconds after a Goldman Sachs board meeting in September 2008 - to tell him that investor Warren Buffett ...

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