Prosecutors are investigating Goldman Sachs Group Director Rajat Gupta for giving inside information about the Wall Street bank to Galleon Group hedge fund founder Raj Rajaratnam. For More information regarding Consumer Affairs as well as the Latest Stock Market Information, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Prosecutors are investigating Goldman Sachs Group (NYSE:GS) Director, Rajat Gupta for possibly giving inside information about the Wall Street bank to Galleon Groups Raj Rajaratnam, Hedge Fund Founder. Rajaratnam has pleaded not guilty to criminal insider trading charges. He faces a related civil lawsuit by the U.S. Securities and Exchange Commission. In a March 22 letter made public last week, the government said it was examining trades by Rajaratnam and others in shares of several companies, as part of a wide-ranging insider trading search.
Amongst the several companies that were named Goldman Sachs is one of them, with trades between June 2008 and October 2008 being examined. The bank's shares traded between $74 and $187 over that time.
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