p.s. Hey Bernie Madoff - looks like they found a sacrificial lamb inside Goldman after all. But a board member rather than a trader? Hmmm...
- CNBC has reported that the SEC has filed suit against former Goldman Sachs Board Member Rajat Gupta regarding allegations of insider trading.
- The Securities and Exchange Commission today announced insider trading charges against a Westport, Conn.-based business consultant who has served on the boards of directors at Goldman Sachs and Procter & Gamble for illegally tipping Galleon Management founder and hedge fund manager Raj Rajaratnam with inside information about the quarterly earnings at both firms as well as an impending $5 billion investment by Berkshire Hathaway in Goldman.