Not Saint Gupta, maybe not Sinner Gupta either

The fact pattern looks bad, very bad. Seconds after Rajat Gupta, then a director of Goldman Sachs, finished up a board call during which he learned that Warren E. Buffett had agreed to invest $5 billion in the firm, he picked up the phone and called his friend Raj Rajaratnam, regulators contend. Minutes later, Rajaratnam placed bets on shares of Goldman Sachs that netted his firm, the Galleon Group, $900,000.

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