Daily Archives: June 18, 2014, 9:21 am

Rajat Gupta Reports to Prison, Joins Raj Rajaratnam at FMC Devens in Massachusetts – Compliance Week

Yesterday, former Goldman Sachs board member Rajat Gupta began serving his two-year prison sentence for insider trading. After being convicted for providing Galleon founder Raj Rajaratnam with confidential information about Goldman Sachs, Gupta and Rajaratnam will now serve time at the same correctional facility: Federal Medical Center-Devens, located in Ayer, Massachusetts. Rajaratnam is serving a much longer, 11-year prison sentence after himself being convicted…

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Ex-Madoff accountant expected to plead guilty – Reuters

Bernard Madoff’s former accountant is expected to plead guilty to charges in connection with the convicted swindler’s massive Ponzi scheme, a U.S. prosecutor said at a Tuesday court hearing.Paul Konigsberg, a former senior tax partner at Konigsberg Wolf & Co, will likely enter a guilty plea next week under a cooperation agreement with the government, Assistant U.S. Attorney Matthew Schwartz…

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