The judge who will sentence former Goldman Sachs Group Inc. (GS) Director Rajat Gupta for insider trading has a track record of cutting the government’s recommended punishment in some cases by half or more. U.S. District Judge Jed Rakoff in Manhattan is to sentence Gupta, once a managing partner of McKinsey & Co., for tipping Galleon Group LLC co-founder Raj Rajaratnam. In September, the judge sentenced Winifred Jiau, a Stanford University-educated consultant convicted of corrupting friends and selling confidential information, to four years in prison, less than half of the maximum 10 years sought by federal prosecutors. More on Bloomberg here.
