Ex-Goldman director to face criminal charges

(Reuters) - A former Goldman Sachs director, who also was once the global head of elite consultancy McKinsey & Co, will surrender to the FBI on Wednesday to face criminal insider trading-related charges, a person familiar with the investigation said.

Rajat Gupta, one of the most prominent business executives to be caught up in the government's wide-ranging insider-trading probe, had been named by prosecutors as an unindicted co-conspirator in the criminal case against hedge fund tycoon Raj Rajaratnam earlier this year.

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neither here nor there i guess
a microscopic win in a gigantic war..
the real crims will enjoy freedom for a long time to come

I think the whole banking industry should be investigated under federal RICO laws!Start with the federal reserve and work from there FBI!

So they throw one of their own to the wolves so they can say, "Look, see, we are addressing the problem"

Meanwhile the band plays on as usual....

New York's Attorney General is investigating the Wall Street banks right now.

newyork.cbslocal.com...

It's called a ”Sacrificial Lamb.”