![]() ![]() And shortly after that brief call, Rajaratnam started shouting at his traders: "Buy Goldman Sachs! Buy Goldman Sachs!" During that call, he learned that Warren Buffett was going to put a huge amount of money into Goldman Sachs - the kind of good news that would drive Goldman's stock price up.Ī minute after hanging up from the Goldman board conference call, Raghavan writes, Gupta's secretary called Rajaratnam, a friend of Gupta's at a Wall Street hedge fund. Gupta was already a wealthy man what was the motive for his crime? In The Billionaire's Apprentice:The Rise of the Indian-American Elite and the Fall of the Galleon Hedge Fund, journalist Anita Raghavan tries to answer that question.Īs Raghavan recounts in her book, in the fall of 2008, in the middle of the global financial crisis, Gupta took part in a conference call among Goldman Sachs board members. Today, he faces two years in prison for insider trading, convicted of passing corporate secrets to his billionaire friend and Galleon Group founder Raj Rajaratnam. Rajat Gupta was one of the wealthiest and most successful men in America and an icon of the Indian-American community. ![]() Your purchase helps support NPR programming. ![]() Close overlay Buy Featured Book Title The Billionaire's Apprentice Subtitle The Rise of the Indian-American Elite and the Fall of the Galleon Hedge Fund Author Anita Raghavan ![]()
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