Friday, June 15, 2012

Economy - Voice of America: US Corporate Exec Guilty in Trading Case

Economy - Voice of America
economy-and-business
US Corporate Exec Guilty in Trading Case
Jun 15th 2012, 20:07

A New York jury has found a once-prominent U.S. corporate executive guilty of insider stock trading, convicting him of secretly giving key business information to a friend who used it to make profitable investments. After deliberating for two days, the jury Friday convicted Calcutta-born Rajat Gupta of four counts of securities fraud and conspiracy, while acquitting him of two other charges. The 63-year-old businessman potentially faces decades in prison, but under U.S. penal guidelines is ...

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