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Gupta Found Guilty of Insider Trading

Ex-P&G board member faces more than 20 years in prison.

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By: TOM BRANNA

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Rajat Gupta, a former director at both Goldman Sachs and Procter & Gamble, was convictedfor passing confidential information about both companies to a hedge fund that profited off positions in the stocks. He was convicted by a federal jury on two counts of securities fraud and one count of conspiracy — the fraud charges carry possible 20 year sentences, and the conspiracy charge carries a possible five year sentence. Prosecutors accused Gupta, 63, of making phone calls to his one-t...

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