Rajat Gupta's Fight To Win A Reduced Sentence - The government's calculators are humming as they attempt to calculate how much prison time the former McKinsey & Co. executive will get when he's sentenced on October 16. Gupta was found guilty of passing inside information on to hedge fund manager Raj Rajaratnam. But will Gupta's good deeds for society help reduce his time in prison? A Bloomber reporter presents her argument.
Ponzi Scheme Busted in South Carolina - Three people have pled guilty to running a Ponzi scheme bilking investors out of $27 million. The scheme promised high returns on investments in ATM machines and associated advertisements on those machines. In the end, the only people who made money were the 3 people who started the scam.
The FBI Had A Busy Week - While most of us were planning out barbeque for July 4th, the FBI had a full schedule. Here is their latest press release of top cases.