Headline for the Ages: Former Goldman Sachs Director Surrenders to FBI

Abby Zimet

Rajat Gupta, a former Goldman Sachs director accused of feeding inside information to hedge fund manager Raj Rajaratnam, has surrendered to federal authorities, making him the highest-ranking executive to be arrested in the probe. How long have you been waiting for a bit of news like that? One down, many to go.

Mr. Gupta "is currently in custody and being processed." - spokesman for the FBI.

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