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 for insider trading in 2011.
via Rajat Gupta Reports to Prison, Joins Raj Rajaratnam at FMC Devens in Massachusetts – Compliance Week
