Charges against insider hint at culture of fraud

Posted by Al Lewis on October 29, 2011
Wall Street

Former Goldman Sachs director Rajat Gupta is the latest to be criminally charged in an insider trading case.

The charges against Gupta are particularly alarming given the number of large U.S. companies where he had access to priviledged information. The  former head of giant global accounting firm McKinsey & Co. had his tenatacles just about everywhere.

Click here to read my column in The Sunday Wall Street Journal.  And click here to read the press release from the U.S. Attorney’s Office in Manhattan.