Do Not Pass Go

Former Goldman Director Sentenced

Former Goldman Sachs director Rajat Gupta was sentenced to two years in prison Wednesday for leaking corporate secrets to a hedge-fund manager during the financial crisis. Gupta was also ordered to pay a $5 million fine and will undergo a year of supervised release after his time in prison. Prosecutors had argued that Gupta should get up to 10 years in prison. Judge Jed Rakoff said, “I think the record, which the government really doesn’t dispute, bears out that he is a good man. But the history of this country and the history of the world, I’m afraid, is full of examples of good men who do bad things.”