Statement by FBI Assistant Director Janice K. Fedarcyk on Rajat Gupta Conviction
| FBI New York June 15, 2012 |
“Rajat Gupta broke the law, plain and simple. Gupta used his exclusive access to the board room to violate his fiduciary responsibility, repeatedly sharing confidential, inside information with his friend Raj Rajaratnam. Today’s verdict is the latest milestone in an FBI initiative undertaken in 2007 to zero in on illegal conduct in the hedge fund industry. The FBI remains committed to rooting out criminal behavior, be it on Main Street or Wall Street,” said FBI Assistant Director Janice K. Fedarcyk.