Inside-Trading Trial Likely to Feature Key Call

Wednesday, May 16, 2012

A judge says he expects to let prosecutors use at trial a recording of a phone call between a former Goldman Sachs board member accused of insider trading and a hedge fund founder.

Judge Jed Rakoff made the tentative ruling at a final hearing Wednesday before the trial of Rajat Gupta begins next week.

Gupta was a board member at Goldman Sachs and Procter & Gamble when the government says he gave tips in 2008 to a billionaire hedge-fund trading friend. Gupta's lawyers say he did not.

Prosecutors plan to play a recording of a July 2008 conversation in which Gupta discussed Goldman Sachs' plans. Defense lawyers say the information was already public. It is the only recording between the men that relates to the charges.


More in:

News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.


Latest Newscast




WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public


Supported by