Write a report on the article bellow, including if described in the article - items to report on:...

Question

Write a report on the article bellow, including if described in the article - items to report on: perpetrator info, why the fraud was committed (motive), amount of loss (damages), and any other interesting facts;
B) As part of your report brieflydistinguish forensic accounting from fraud examination
C) The report must address each of the items assigned
D) The report must include an introduction, body, and conclusion. In the conclusion, you should discuss the impact ona business or industry and on the economy.

005_lvdxa5o-h3xkmwbp.doc

David · Accepted Answer

Introduction 
An Indian American businessman and humanitarian, Rajat Kumar Gupta is who was the 
Managing Director of administration consultancy McKinsey & Company. He was also a 
board associate of organizations counting as well as a consultant to non-profits. Moreover, he 
is the organizer of the American India Foundation, Indian School of Business, New Silk 
Route and Scandent Solutions. Gupta was imprisoned in on insider trading charges of four 
illegal felony totals of collusion and securities scam. He was penalized in October 2012 for 2 
years in prison along with an extra year for the administered relief and is supposed to pay five 
million in penalties.  
The Insider Trading Case 
In March 2011, the SEC ordered a managerial civil grievance for Gupta for his involvement 
in an insider trading collaborating with Rajaratnam, who is a billionaire and founder of a 
Galleon Group hedge fund. According to the reports, Anil Kumar, a highly revered senior 
partner at McKinsey had already appealed guilt-ridden to accusations for the same case. The 
three perpetrators Gupta, Rajaratnam and Kumar were business partners and friends. Gupta 
sued Kumar as counter to this and both the sides finally took back the charges. In October 
2011 the United States Attorney's Office accused Gupta of criminal charges. He was detained 
by the FBI in New York and beseeched not guilty. He was free on ten million dollars bail on 
the same day. According to his lawyer, the allegation on Gupta for engaging in an unlawful 
behaviour was announced without any proof and he said that Gupta never traded in any 
securities and was not involved in giving tips to Rajaratnam for enabling him to trade and 
neither did he share in any profits in return. According to the SEC, the tips given by Rajat 
Gupta were instrumental in producing profits and loss evasion of more than twenty three 
million dollars. Rajat Gupta was assigned by some of the foremost establishments of 
American trade to sit inside their boardrooms, among their executives and directors, and find 
their confidential measurable so that he could give guidance and advice. Facts of wiretap 
recordings and trading action associated to the charges were examined at measurement in the 
media, measuring the assets and flaws of the trial's and shield’s cases. The present case is 
concentrating on the connection between Anil Kumar, Raj Rajaratnam and Gupta.

Write a report on the article bellow, including if described in the article - items to report on: perpetrator info, why the fraud was committed (motive), amount of loss (damages), and any other...

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