Ex-Goldman director Gupta gets two-year prison sentence

Comments (19)
ZAMORANO wrote:

With our prisons filled with hard core criminals, I believe that alternative punishment may serve better the community. For example, taking 99% of his net worth and giving it to the charities that he supported for years and, also, have him work for such charities for x number of years. I suspect that 1% of his net worth will permit this man to continue with the life-style that Goldman Sachs executives are accustomed to.

Oct 24, 2012 8:28am EDT  --  Report as abuse
fromthecenter wrote:

2 years for hundreds of millions in fraud? Unbelievable.

Oct 24, 2012 4:53pm EDT  --  Report as abuse
pachanga007 wrote:

2 years? for inside information..making millions of dollars, but the Midland man sentenced to nine years for car theft. This is American Justice system at its best.

Oct 24, 2012 4:59pm EDT  --  Report as abuse
AlkalineState wrote:

More prosecutions like this would be good. Obama has convicted more Wall Street crooks in 4 years than Bush did in 8. We still need to triple the rate, but it’s a start.

Oct 24, 2012 5:04pm EDT  --  Report as abuse
JamVee wrote:

He did it because his overinflated ego made him feel that his exalted position entitled him to do pretty much whatever he chose to do. Rules are for the “little people”, dontchaknow!

2 years isn’t even enough time to deflate his ego . . .

Oct 24, 2012 5:13pm EDT  --  Report as abuse
NanoThermiate wrote:

Different set of laws must be applied to the jew, hindu and white as compared to other unfavorable races and religions.

This is a great way to build a fair society.

Oct 24, 2012 5:59pm EDT  --  Report as abuse
XANDU wrote:

The sentence was imposed by U.S. District Judge Jed Rakoff, who wrestled over the course of a two-hour hearing with the question of why Gupta, a once-respected businessman, had turned his back on an “extraordinary” and “selfless” life to commit a crime he did not profit from directly.

Oct 24, 2012 6:10pm EDT  --  Report as abuse
Overcast451 wrote:

No doubt he’s just a scapegoat – believe it or not, Wall Street isn’t “one big happy family” – often they are more fanatical and zealous on positions than the typical clueless partisan – believe it or not.

Oct 24, 2012 6:36pm EDT  --  Report as abuse
saavedra wrote:

This is an OUTRAGE!!! Do you know how much Goldman’s pays for Lobbyists? Gentleman you need to TOTALLY emasculate the penal code, what’s this 2 years garbage. I think 2 weeks at Club Med should suffice. Somewhere un-exotic like San Diego or Mazatlan.

Oct 24, 2012 6:45pm EDT  --  Report as abuse
saavedra wrote:

This is an OUTRAGE!!! Do you know how much Goldman’s pays for Lobbyists? Gentleman you need to TOTALLY emasculate the penal code, what’s this 2 years garbage. I think 2 weeks at Club Med should suffice. Somewhere un-exotic like San Diego or Mazatlan.

Oct 24, 2012 6:45pm EDT  --  Report as abuse
saavedra wrote:

This is an OUTRAGE!!! Do you know how much Goldman’s pays for Lobbyists? Gentleman you need to TOTALLY emasculate the penal code, what’s this 2 years garbage. I think 2 weeks at Club Med should suffice. Somewhere un-exotic like San Diego or Mazatlan.

Oct 24, 2012 6:45pm EDT  --  Report as abuse
seren37 wrote:

Well, he gets to catch up on his Tennis lessons, meditate, work out at the spa in his country club prison. It’s a vacation for these crooks. I’d like to see them go to Tent City here in Arizona.

Oct 24, 2012 6:50pm EDT  --  Report as abuse
DragonTattooz wrote:

Are you kidding? $5M is chump change. He should have to pay an amount equal to what he stole, plus at least a 50% surcharge. He should be financially ruined. If you think this is his only financial crime on his way to the top, you are dreaming.

Oct 24, 2012 7:01pm EDT  --  Report as abuse
SteveMD2 wrote:

According to an FBi agent I met, about 100 families were killed by the fathers who were totally depressed over the collapse of the economy under Bush.

This guy deserves to get maybe 20 years without parole. He’ll never get out of jail alive, as will the 100 families -prob 500 people never get out of the grave.

And I havent been able to get any stats on how many people alone committed suicide, courtesy of Bush and his pals turning a great economy under clinton to the almost great second repub depression.

Oct 24, 2012 7:30pm EDT  --  Report as abuse
SteveMD2 wrote:

BTW I’m from the boston area and remember the brinks job – a million stolen, no one was hurt.

Today thats 10 mil. The perps who got caught got life.

According to the non-partison Congressional budget office – American families lost 15 Trillion in net worth. – a whole years GNP

Maybe we should send the execs – you can bet most of them were repubs – to guantanamo. Let the arabs atone for their sins re these criminal americans.

Oct 24, 2012 7:33pm EDT  --  Report as abuse
RichardNYC wrote:

Wait, let me get this straight. He is “a good person,” but he is going to appeal the decision despite a jury of his peers having found him guilty, so we should go easy on him. The simple illogicality of this is mind-bending.

Oct 24, 2012 7:39pm EDT  --  Report as abuse
americanguy wrote:

Those Indians really look out for each other.
And don’t feel sad, I am sure he got a HUGE golden parachute to keep quiet about the real criminal activities on Wall Street.
Looks like judge is suspect also.

Oct 24, 2012 8:27pm EDT  --  Report as abuse
satv wrote:

There is no question that the entire stock market is Government backed scam .It’s called legal corruption,Thus far this verdict against Raja and Gupta is illegal or inappropriate.We often see public offering without fundamental value like FB for $38(Real Value under $20)ZNGA for $15(real value under $2.50)There are lots of companies who’s job is to sell share and when value goes under $1 to face DE-listing notice,They reverse split the stock and re start selling more stock from new angles.There is huge numbers of traders who download millions of share on poor public without owning the real amount of share.George Soron once brought The Bank of England on their knees by selling millions of shorts.

Oct 24, 2012 9:51pm EDT  --  Report as abuse
ConstFundie wrote:

Steal millions and, at worst, chance a 2 year sentence. Probably out in a year on probation, or house arrest. No wonder they all are doing it.

Oct 25, 2012 5:19am EDT  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.