Clintons’ Wall Street Pal to Serve Out Prison Term

Foundation donor and Dem fundraiser Gupta loses Supreme Court appeals bid

Rajat K. Gupta, a former Goldman Sachs executive and Clinton ally, will have to serve out his two-year insider trading sentence after the Supreme Court refused to hear his case on Monday.

Gupta was convicted of insider trading after providing illegal information to the hedge fund billionaire Raj Rajaratnam. The 2012 conviction sidelined one of the Democratic Party’s biggest contributors; the Center for Responsive Politics described Gupta as one of the “most active as donors in the 2008 cycle.” He and his wife Anita gave the Democratic Congressional Campaign Committee $30,000 between 2006 and 2008.

“Gupta maxed out on his individual contributions to President Barack Obama’s general election campaign and donated another $2,500 to his Victory Fund, while his wife gave $4,600 to Sen. Hillary Clinton’s presidential bid—half of which had to be returned after she failed to advance to the general election,” a 2012 CRP blog post says.

The Guptas poured their money into more than just political campaigns. The couple also gave between $10,001 and $25,000 to the Clinton Foundation. It is unclear whether that donation occurred before or after his 2010 arrest.

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