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Rajat Gupta, another big fish gets hooked for insider trading…

18 Jun

Gupta, whose net worth was once estimated at around $130 million, is fighting to save from forfeiture his many properties, including a waterfront home in Westport, Connecticut that once belonged to the co-founder of J C Penney that he bought for more than $6 million. Legal stratagems include moving his domicile to Florida, which has more lenient bankruptcy laws that protect personal property.

Read more here…

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Posted by on June 18, 2014 in business, economy, investing

 

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