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Insider Trading / Gupta Case #1005687

CBS Evening News for Wednesday, Oct 26, 2011
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(Seattle: Scott Pelley) A big Wall Street inside trading case in which Rajat Gupta is accused of leaking information to a hedge fund tycoon, Raj Rajaratnam†, introduced.

(Washington: Bob Orr) The charges against Gupta examined; details given about his tips to the tycoon Rajaratnam with examples of their contact cited; courtroom sketches by Jane Rosenberg† shown. [Former SEC official Jacob FRANKEL††- calls this the biggest insider trading prosecution case ever.]

(Seattle: Scott Pelley) The earlier prison sentence for Rajaratnam noted.

Reporter(s):
Pelley, Scott;
Orr, Bob
Duration:
00:03:10

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