NEW YORK (AP) — A key government witness in what federal prosecutors bill as the largest hedge fund insider trading case in Wall Street history has been sentenced to probation.
Former McKinsey & Co. director Anil Kumar (AH'-nuhl KOO'-mahr) received the sentence Thursday in federal court in Manhattan.
Kumar had pleaded guilty. He agreed to testify at the high-profile trials of disgraced hedge fund titan Raj Rajaratnam (rahj rah-juh-RUHT'-nuhm) and former Goldman Sachs board member Rajat Gupta (rahj-AHT' GOOP'-tah). Both were convicted of insider trading charges accusing Gupta of feeding Goldman secrets to Rajaratnam.
Prosecutors had told the judge in court papers that Kumar deserved leniency for his "significant, powerful, and timely cooperation."
Gupta is from Westport, Conn. Rajaratnam is from Sri Lanka. They had denied the charges against them.
- Politics & Government
- Crime & Justice
- Anil Kumar
- Raj Rajaratnam
- Rajat Gupta
- Goldman Sachs