Raj Gupta Gets Two Years
This will learn him:
- RAJAT GUPTA GETS 24-MONTH PRISON SENTENCE FOR INSIDER TRADING
- RAJAT GUPTA FINED $5 MILLION
Moral of the story: steal $100 million (illustratively: nobody knows what the bottom line impact of the criminal activity was: could be more, could be less) -> spend two years in a minimum security country club, electric golf carts included. Look for a surge in insider trading cases with this ruling which makes risks to getting caught trading on inside information not only acceptable, but in fact welcome. The good news, for Jon Corzine at least, is that if the MF Global case ever gets to the sentencing stage (it won't), his sentence would be to fly coach class for 24-48 hours.
Crime and (non) punishment.