Tag: Prison

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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Jailed executive hits out at ASIC — Business Day

A former executive who was sent to jail for insider trading but then released on appeal with his conviction quashed has slammed the corporate regulator for the way it conducted its case against him…. [Stuart Fysh] says ASIC’s practice of ”rushing to publicise” its suspicions of individuals, and its intentions to charge individuals, before any crimes have been proved to…

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Former Qwest CEO Joseph Nacchio: Tales From a White-Collar Prison Sentence – WSJ

Former telecommunications company chief executive Joseph Nacchio entered prison in 2009 out of shape, depressed and anxious. Fifty-four months later, Mr. Nacchio, 64 years old, who once ran Qwest Communications International Inc., has emerged physically unrecognizable from his pre-incarceration life…. Mr. Nacchio is among the first white-collar executives to be set free after a decade of aggressive crackdowns by federal investigators…

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