Gupta gets help from friends for his insider trading conviction
NEW YORK (REUTERS) - Bill Gates and Kofi Annan are among several prominent businessmen and humanitarians asking a US judge to show fairness when he sentences former Goldman Sachs Group Inc board member Rajat Gupta for his insider trading conviction later this month.
Gupta, 63, the most influential and best-known corporate figure to be caught in a broad insider trading crackdown of the last four years, moved in elite business and philanthropic circles for decades. He is also a former head of the McKinsey & Co management consultancy.
A jury convicted Gupta in June of tipping his friend and business associate, Galleon Group hedge fund founder Raj Rajaratnam, about Goldman's boardroom secrets during the financial crisis. He was found not guilty of divulging the quarterly earnings in January 2009 of Procter & Gamble Co , where he also served as a board member.
Microsoft Corp co-founder Gates, in one letter among about 200 written to US District Judge Jed Rakoff, wrote that he wanted to help "round out Rajat's profile as you consider the appropriate sentence for him."