Stanford GSB | Ms. Access To Opportunities
GRE 318, GPA 2.9
UCLA Anderson | Mr. International PM
GMAT 730, GPA 2.3
Tuck | Mr. Product Marketer
GMAT 730, GPA 3.1
Stanford GSB | Mr. Low GPA To Stanford
GMAT 770, GPA 2.7
USC Marshall | Mr. Low GPA High GMAT
GMAT 740, GPA 2.44
Wharton | Ms. Finance For Good
GMAT 730, GPA 3.7
London Business School | Mr. Midwest Engineer
GMAT 750, GPA 3.69
Harvard | Mr. Policy Development
GMAT 740, GPA Top 30%
Cambridge Judge Business School | Mr. Champion Swimmer
GMAT 750, GPA 3.7
Stanford GSB | Mr. Future VC
GMAT 750, GPA 3.6
MIT Sloan | Mr. NFL Team Analyst
GMAT 720, GPA 3.8
Chicago Booth | Mr. Consulting Hopeful
GMAT 720, GPA 3.6
Kellogg | Mr. Tech Auditor
GRE 332, GPA 3.25
Wharton | Mr. Senior Analyst
GMAT 750, GPA 3.2
NYU Stern | Mr. Washed-Up Athlete
GRE 325, GPA 3.4
UCLA Anderson | Mr. Southern California
GMAT 710, GPA 3.58
Ross | Mr. Brazilian Sales Guy
GRE 326, GPA 77/100 (USA Avg. 3.0)
INSEAD | Mr. Fraud Associate
GMAT 750, GPA 8/10
Wharton | Ms. Project Mananger
GMAT 770, GPA 3.86
Chicago Booth | Mr. Average White Guy
GMAT 680, GPA 3.2
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GMAT 750, GPA 3.38
Kellogg | Mr. Brazilian Banker
GMAT 600, GPA 3.8
Harvard | Mr. Upward Trajectory
GMAT 720, GPA 3.3
Kenan-Flagler | Mr. Fish
GRE 327, GPA 3.733
Harvard | Mr. Community Impact
GMAT 690, GPA 3.0
IMD | Mr. Gap Year To IMD
GMAT 660, GPA 3.5
Harvard | Mr. Italian In Tokyo
GMAT (710-740), GPA 4.0

Harvard Alum Convicted Of Insider Trading

One of the Harvard Business School’s most prominent alums was found guilty of insider trading today (June 15).

Rajat K. Gupta, the former head of the consulting firm McKinsey & Company and a former Goldman Sachs and Procter & Gamble board member, was found guilty of conspiracy and securities fraud.

After a trial that lasted a month in Federal District Court in Manhattan, the jury reached its verdict after two days of deliberation. It found the high profile executive guilty of leaking confidential information about Goldman to his friend and business associate, Raj Rajaratnam, on three different occasions in 2008. He was also convicted of conspiring in an insider trading scheme with Rajaratnam, a Wharton MBA.

Gupta becomes the third Harvard Business School MBA to be caught in the massive insider trading scandal. Another HBS alum and former Morgan Stanley banker, Adam Smith, plead guilty last year and testified against Rajaratnam. Samir Barai also pleaded guilty last year to conspiracy to commit securities and wire fraud, and obstruction for impeding a federal grand jury probe by destroying evidence. Both Smith and Barai graduated from HBS in 1999. Besides Rajaratnam’s conviction, two other Wharton MBAs also have plead guilty to securities fraud.

Gupta was found not guilty of two instances of tipping Rajaratnam, including an allegation that he divulged secret information on Procter & Gamble.

“Having fallen from respected insider to convicted inside trader, Mr. Gupta has now exchanged the lofty board room for the prospect of a lowly jail cell,” Preet Bharara, the United States attorney in Manhattan said in a statement. “Almost two years ago, we said that insider trading is rampant, and today’s conviction puts that claim into stark relief.”

Gupta’s attorney, Gary Naftalis, said that his client would likely appeal the verdict. “We believe the facts of this demonstrate that Mr. Gupta is innocent and we continue to believe he is innocent of all the charges,” Naftalis told reporters after the verdict. “This is only round one of this matter.”

Gupta’s sentencing is scheduled for Oct. 18. He faces a maximum sentence of 25 years in prison, but will probably serve less time than that. Rajaratnam, the former head of the Galleon Group hedge fund who was convicted of orchestrating a huge insider trading conspiracy last year, is serving an 11-year jail term.


About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.