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Goldman Sachs Fraud

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  1. Wall Street Fraud
  2. Raj Rajaratnam
  3. Supreme Court
  4. False Claims Act
  5. Senate Permanent Subcommittee on Investigations
  6. Insider Trading Crooks
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U.S. court studies wiretaps in ex-Goldman director's insider case

Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta sought to reverse his insider-trading conviction on Tuesday, arguing that wiretap evidence used by the prosecution should not have been introduced at trial.Defense lawyer Seth Waxman told the 2nd U.S. Circuit Court of Appeals in New York that wiretaps played for the jury were inadmissible because they amounted to hearsay evidence.Gupta himself was not heard on the wiretaps, which are instead conversations between convicted Galleon Group manager Raj Rajaratnam and other employees at the hedge fund."Those wiretaps should never have been admitted," Waxman told a three-judge panel of the appeals court.The arguments marked a challenge to one of the highest-profile convictions in the U.S. government's crackdown on insider trading on Wall Street.Gupta, 64, is a former head of the consultancy McKinsey & Co and a one-time board member at Goldman and Procter & Gamble Co . He was sentenced to two years in prison in October for sp...

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  1. Ex-Goldman Executive Gupta to Have Appeal Heard

    Former Goldman Sachs Group Inc. (GS) director Rajat Gupta, in a bid to stay out of prison, is expected to ask a federal appeals court Tuesday to set aside his inside...

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    A New York appeals court dismissed a case against Goldman Sachs Group Inc brought by a bond insurer who claimed it was fraudulently induced to insure the bank's Abac...

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