Canada Goose Jackets Goldman director Gupta sentenced to two years’ jail Canada Goose Jackets

canada goose black friday sale prosecutors had demanded, jackets canada goose uk outlet by a judge who called his insider trading crimes and terrible breach of trust. canada goose black friday sale

canada goose coats A courtroom sketch shows former Goldman Sachs Group Inc board member Rajat Gupta during his sentencing hearing cheap canada goose uk at Manhattan Federal Court in New York, canada goose coats on sale October 24, 2012. REUTERS/Jane Rosenberg canada goose coats

canada goose deals Gupta was also ordered to pay a $5 million fine. government crackdown canada goose clearance sale on insider trading over the past four years. canada goose deals

canada goose store Some legal experts said Wednesday sentence came buy canada goose jacket cheap as a surprise, while others said the judge struck a fine balance. District Judge Jed Rakoff told a somber courtroom audience, including Gupta Canada Goose sale wife and four adult daughters, that the illegal sharing of corporate secrets at the height of the cheap Canada Goose 2008 financial crisis the functional equivalent of stabbing Goldman in the back. canada goose store

canada goose clearance sale Gupta, Canada Goose online 63, gave no canada goose factory sale visible reaction to the sentence, which was given at the end of a 30 minute statement in which the judge spelled out the businessman philanthropy over decades that stood in stark contrast to his crimes. canada goose clearance sale

canadian goose jacket Bill Gates, Microsoft Corp co founder, and former United Nations Secretary General Canada Goose Jackets Kofi Annan were among 400 friends and luminaries who had written letters to the judge urging leniency. canadian goose jacket

Canada Goose Outlet During the trial, the court heard how Gupta had tipped off his then friend and business associate Rajaratnam between September and October of 2008. Within minutes of a conference call Canada Goose Coats On Sale of members of Goldman board on September 23, 2008, Gupta told Rajaratnam that canada goose uk black friday influential investor Warren Buffett was infusing $5 billion into the investment bank. Rajaratnam traded on the information as the market was closing. Canada Goose Outlet

buy canada goose jacket Rakoff said during the two and a half hour sentencing proceedings that the Canada Goose Parka tip not only overwhelming, but it was disgusting in its implications. a terrible breach uk canada goose of trust at a time when Goldman Sachs was in turmoil. buy canada goose jacket

cheap Canada Goose But the judge also said: have never encountered a defendant whose past history suggests such an extraordinary devotion. to people in need. cheap Canada Goose

buy canada goose jacket cheap Former Goldman Sachs Group Inc board member Rajat Gupta arrives at Manhattan Federal Court in New York, October 24, 2012. REUTERS/Lucas Jackson buy canada goose jacket cheap

Gupta had faced a maximum sentence of 20 years for securities fraud and five years for conspiracy. Federal judges have wide leeway in sentencing and Rakoff has a reputation for veering from guidelines for courts in handing down punishment.

Canada Goose sale MINIMUM SECURITY PRISON SOUGHT Rakoff ordered Gupta to begin his sentence on January 8, 2013. Bureau of Prisons will decide where, but his lawyer asked for the minimum security prison in Otisville, New York. Canada Goose sale

The judge denied Gupta lawyer bid canada goose clearance to have him freed on bail pending an uk canada goose outlet appeal, which could last as long as two years. His lawyer, Gary Naftalis, said in a statement that believe the facts of this case demonstrate that Mr. Gupta is innocent. probe of insider trading involving fund managers, traders, consultants and executives. He is a former global head of the McKinsey Co management consultancy, and once sat on the boards of Procter Gamble Co and American Airlines, as well advising philanthropies including the Bill buy canada goose jacket and Melinda Gates Foundation.

Gupta was born poor in canada goose uk shop India and orphaned as a teenager but rose to the top of the corporate and philanthropic elite.

canada goose His sentence was less than the eight Canada Goose Outlet to 10 years sought canada goose by prosecutors, but more than the probation and community service in Rwanda sought by Gupta lawyers. The judge dismissed that proposal as kind of canada goose black friday sale Peace Corps for insider traders. canada goose

Canada Goose Parka Slideshow (7 Images) Canada Goose Parka

canada goose coats on sale It was also less than some other insider trading defendants who were jailed for between four canada goose coats and 10 years. Rajaratnam is serving an 11 year prison sentence, one of the longest for insider trading. appeals court in New York is set to hear Rajaratnam appeal. He argues prosecutors should not have been able to play phone taps of his conversations at his trial because he says they were improperly obtained. Attorney Richard Tarlowe argued for a sentence of at least eight years, telling the court Gupta knew as much about the sanctity canada goose store of these types of corporate confidences as anybody, and that what makes it so shocking. canada goose coats on sale

New York securities class action and shareholder rights lawyer Mark Rifkin said the judge both sides of the argument, and the relatively light sentence he imposed balances Gupta misuse of his position against a canadian goose jacket lifetime of good work.

canada goose clearance But Andrew Stoltmann, an attorney and investor rights advocate based in Chicago, wondered whether Gupta Teresa like halo had warranted a sentence that was more than a slap on the wrist. canada goose clearance

had such an important role at some of these companies that it is kind of the ultimate Canada Goose Online betrayal of trust, he said.

Canada Goose online When Gupta addressed the court, he read from a statement for six minutes, using bland language that stopped short of fully admitting his conduct, but apologizing to institutions and outstanding people and to his family Canada Goose online.