RAJAT GUPTA: HARVARD B-SCHOOL GRAD TO GOLDMAN-SACHS, MCKINSEY, THE GATES FOUNDATION THEN TO MAN FACING 105 YEARS IN PRISON. WHY?

Rajat Gupta, one of Harvard Business School’s most successful graduates, who served for nearly ten years as the managing director of McKinsey and Company, also an advisor for Goldman Sachs, Proctor and Gamble, American Airlines and The Gates Foundation, now faces heavy charges of insider trading and five counts of security fraud and one of conspiracy. Together the charges could result in 105 years in jail. he has pleaded not guilty. On March 1, 2011, the SEC filed an administrative civil complaint against Gupta for insider trading alleging that he illegally tipped off his friend and business partner Raj Rajaratnam with insider information about Goldman Sachs and Prctor and Gamble while serving on the boards of both companies. It alleges Rajaratnam used the info from Gupta to profit in hedge fund trades and made over $17 million. On October 26, 2011 the U.S. Attorney’s Office filed charges against Gupta and he was arrested in New York City by the FBI and released on $10 million bail. Why would a man of Gupta’s stature resort to rendering information used in insider trading? Stat tuned.