Archive for Goldman Sachs

Ex-Bill Gates Adviser Sentenced to 2 Years for Insider Trading

Posted in Bill Gates with tags , , , on October 28, 2012 by saynsumthn

Rajat Gupta, a former Goldman Sachs executive and adviser to the Bill & Melinda Gates’ and the William J. Clinton’s foundations, was sentenced Wednesday to two years in prison for passing sensitive stock information to a business partner, according to Bloomberg and The New York Times.

Mr. Gupta was convicted in June of tipping off hedge-fund manager Raj Rajaratnam, with whom he founded a private-equity firm, about a major deal involving Goldman in 2008. Federal District Judge Jed Rakoff also ordered Mr. Gupta to pay a $5-million fine.

Mr. Gupta, who also led consulting firm McKinsey & Co. in what had been a glittering Wall Street career, was active in humanitarian circles, chairing a panel that advised the Bill & Melinda Gates Foundation on international development and working in efforts to battle AIDS, malaria, and other diseases in poor nations.

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