Rajat Gupta cannot take a Mother Teresa defence

Rajat Gupta has been forewarned that he cannot beat insider trading charges by trumpeting his philanthropy history any more than Mother Teresa could use her missionary work to fend off bank robbery charges.

“If Mother Teresa were charged with bank robbery, the jury would still have to determine whether or not she committed a bank robbery,” US District Judge Jed Rakoff told the lawyers of former Goldman Sachs’ Indian American director ahead of his May 21 trial.

via Rajat Gupta cannot take a Mother Teresa defence — The Economic Times