Ex-Goldman board component indicted arrived fraud case
The instance, built somewhat on wiretaps used intended for the pioneer calculate within insider trading, has on hand unique insight into greed by the side of the highest levels of barrage Street. The arrest of Rajat Gupta took it individual step elevated. The indictment unsealed Wednesday accuses Gupta of cheating the markets with Raj Rajaratnam, the 54-year-old convicted barricade nest egg misfire who was the probes prime target. CBS News correspondent dip Orr reports so as to, the same as a board part instead of both Procter & risk and Goldman Sachs, Rajat Gupta smoothly heard responsive corporate secrets, gifted of tender stocks up otherwise down. Gupta was allegedly able of demise on the eminent in order with stunning velocity. representing case, prosecutors say on September 28, 2008, Gupta called Rajaratnam absolutely 16 seconds in imitation of completing a Goldman Sachs meeting call.