Obama Buddy Rajat Gupta Charged With Massive Insider Trading

Rajat Gupta attended President Obama's first state dinner in honor of the Prime Minister of India. He is a big money donor to Democrats. Gupta undoubtedly hit it off with Obama as soon as they met. He is a native of Kolkata, a Communist-run city in Eastern India.

(AP)- Federal regulators have charged a former Goldman Sachs board member with insider trading, saying he gave confidential information to the key figure in what prosecutors call the largest hedge fund insider-trading probe ever.

The Securities and Exchange Commission announced the civil charges against Rajat Gupta on Tuesday. The SEC said Gupta told Raj Rajaratnam, founder of the Galleon Group hedge fund, that Warren Buffett's Berkshire Hathaway planned to invest $5 billion in Goldman before it was publicly announced at the height of the financial crisis.

 

Shocker: Naked Scanner CEO Deepak Chopra is an Obama buddy

He traveled with President Obama on his recent trip to India.

Public Intelligence.net reported, via The Daily Paul:

“OSI Systems is the owner of Rapiscan Systems which manufactures the Secure 1000, one of the most commonly used backscatter x-ray machines. And, no it is not the Deepak Chopra you’re thinking of.

OSI Systems Chief Executive Officer Joins US Presidential Visit to India
HAWTHORNE, Calif.–(BUSINESS WIRE)– OSI Systems, Inc. (NASDAQ: OSIS), a vertically-integrated provider of specialized electronic products for critical applications in the Security and Healthcare industries, today announced that Deepak Chopra, Chairman and CEO, was selected to accompany US President, Barack Obama, to Mumbai and attended the US India Business Entrepreneurship meeting, which was held by the US India Business Council (US IBC). The goal of the meeting was to promote further trade between US and India….”