The Traderszone Network

Published in TZ Latest News 17 June, 2014 by The TZ Newswire Staff

Ex-Goldman director Gupta loses appeal, heads to prison

Former Goldman Sachs Group Inc (GS.N) director Rajat Gupta on Tuesday lost his challenge to a $13.9 million civil penalty and a permanent ban from acting as an officer for a public company, the same day he was scheduled to begin serving a two-year prison sentence. In a brief order, the 2nd U.S. Circuit Court of Appeals rejected Gupta’s claim that the penalty and ban were excessive.

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