The less good news is that a jury found the former McKinsey executive guilty on three counts of securities fraud and one count of conspiracy for passing material non-public information to his friend*, convicted insider trader Raj Rajaratnam. The good news:

1. Rajat could go to jail for twenty years but probably won’t (“Gupta faces up to 20 years in prison on each of the fraud charges and up to five years for the conspiracy charge. But his sentence is likely to be significantly lower under federal guidelines.”)
2. Sentencing is scheduled for October 18 so he’s got the whole summer and then some to get into a Zen place about going to prison. Also! Plenty of time to do all those things he was too busy for when he was working. Read a whole book, from beginning to end. Play frisbee golf. Whatever. This is gonna be his time. Time to taste the fruits and let the juices drip down his chin. The Summer of Rajat!

Gupta Found Guilty Of Insider Trading [WSJ]

*Friend Rajat’s ass.

78 comments (hidden to protect delicate sensibilities)
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Comments (78)

  1. Posted by AIG Pun Quant | June 15, 2012 at 12:42 PM

    "Time to taste the fruits and let the juices drip down his chin."

    ……….softball toss

  2. Posted by Guest | June 15, 2012 at 12:51 PM

    Yet you still couldn't say anything funny.

  3. Posted by Friday | June 15, 2012 at 12:51 PM

    He's saying pull my finger.

  4. Posted by Gym | June 15, 2012 at 12:51 PM

    Well, at least you can come to my birthday party this year?

    -Raj

  5. Posted by IgnorantBastards | June 15, 2012 at 12:55 PM

    let's have a "call the sentence" game….

  6. Posted by N Wacker Stud | June 15, 2012 at 12:56 PM

    McKinsey > GS > Houston

  7. Posted by Biggie | June 15, 2012 at 12:56 PM

    You win some you lose some, damn they lost a brother, his mother lost a son.

    - Couldn't Help It

  8. Posted by im_new_here | June 15, 2012 at 1:00 PM

    I don't get it.

    –Kumkum

  9. Posted by guest | June 15, 2012 at 1:02 PM

    Matt already "called it" with his prediction chart. Your argument is invalid.

  10. Posted by Bandersnatch | June 15, 2012 at 1:03 PM

    Is there a moral to this story?
    - Aesop

  11. Posted by Not biggie | June 15, 2012 at 1:04 PM

    try to next time. It would benefit us all

    and lose some weight, you fat fuck

  12. Posted by Grinders | June 15, 2012 at 1:09 PM

    "… so he’s got the whole summer and then some into a Zen place about going to prison."

    So nice of the 3 WSJ writers (and an editor?) to put a word puzzle right in the middle of their articles.

  13. Posted by Guest | June 15, 2012 at 1:18 PM

    Why so much hate bro?

  14. Posted by Not biggie | June 15, 2012 at 1:22 PM

    don't call me bro, chief

  15. Posted by mrs. gupta | June 15, 2012 at 1:25 PM

    If you squint hard enough, you can make out an aged charlie sheen

  16. Posted by Fwied Wice | June 15, 2012 at 1:34 PM

    I have a feeling it doesn't work the same way with Mrs. Gupta and Kacey Jordan…

  17. Posted by دبي القصيرة | June 15, 2012 at 1:45 PM

    أنا أحب اتفاق الكسارة!

  18. Posted by guest | June 15, 2012 at 1:46 PM

    There are pros and cons to insider trading?

  19. Posted by Merica | June 15, 2012 at 1:49 PM

    We don't speak Canadian in here.

  20. Posted by adsfasdfa | June 15, 2012 at 1:52 PM

    Thank you, come again.

  21. Posted by guest | June 15, 2012 at 1:52 PM

    i know its friday afternoon – but please get the server back up

  22. Posted by FKApmco | June 15, 2012 at 1:55 PM

    Dear Aesop: I'll go with
    Greed often over reaches itself (from The Goose with the Golden Eggs) and
    Fine feathers don't make fine birds (from The Peacock and The Crane)

  23. Posted by JDan | June 15, 2012 at 2:00 PM

    Havinagudime Vishinuverhere
    -Gupta's long lost cousin or how he will sign postcards from prison, or Tim Kazurinsky character from SNL in the 80's

  24. Posted by Guest | June 15, 2012 at 2:12 PM

    I liked it even though Ready 2 Die was better.

  25. Posted by Meister Gupta | June 15, 2012 at 2:35 PM

    Not too late for him to join the Night's Watch, it's an honorable order, to make amends for what he has done.

  26. Posted by CarriedInterest | June 15, 2012 at 2:48 PM

    Shotty bottom bunk bed

    -R. Rajaratnam

  27. Posted by Guest | June 15, 2012 at 2:55 PM

    … cricket toss

    other than that i have no concerns.

  28. Posted by Turnip Truck | June 15, 2012 at 3:05 PM

    Does he dare eat a peach?

  29. Posted by Apu | June 15, 2012 at 3:46 PM

    Let's take a relaxed attitude toward work and watch the baseball match. The Nye Mets are my favorite squadron.

  30. Posted by Beavis | June 15, 2012 at 3:49 PM

    ARE YOU THREATENING ME??? I need TP….

  31. Posted by guest | June 15, 2012 at 4:25 PM

    I feel like you're saying something hostile towards us.

  32. Posted by Rajat Costanza | June 15, 2012 at 4:29 PM

    This was supposed to be the summer of Rajat!

  33. Posted by guest | June 15, 2012 at 4:36 PM

    Non-contributing zero says what?

  34. Posted by guest | June 15, 2012 at 5:31 PM

    rajat is officially the stupidest person in the history of the world. let's see, I'm worth ~100 million, am sittting at the pinnacle of the global business/professional services world, and not currently in prison. perhaps I should risk all of the above to make some fat, disgusting and obviously crooked hedge fund billionaire even richer. oh, and I won't profit from it. hmmm….

  35. Posted by WhySoSerious | June 15, 2012 at 5:56 PM

    I could eat a peach for hours

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    You guys all are hating on my father in law.
    He let me marry Geetanjali.
    He's a super sweet dude.
    And so is Geetanjali.

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    Finally some justice!

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