(Lucas : I had forgotten to post this yesterday. It is the latest summary of Banks CEO’s going to jail. I posted sum already.)
Ex-Goldman director Rajat Gupta is going to jail for two years for insider trading, where he’ll be joining some of his former peers.
There’s the infamous Bernie Madoff, who is currently serving a 150-year prison sentence for his decades-long multi-billion dollar Ponzi scheme that wiped out the life savings of millions of people. But most in the finance industry doing time for white collar crime aren’t dealing with a sentence as stiff as Madoff’s. That’s because his crime represents “extraordinary evil,” according to the judge that sentenced him — deserving of a prison term on par with that of terrorists, traitors and violent criminals. Continue reading