517 Days since Rajat Gupta was sentence to 24 months in prison, and fined $5.0 Million Dollars. The 2nd U.S.. Circuit Court of Appeals has upheld your conviction. The wheels of Justice turn very slowly.
Rajat is still appealing the ruling that he reimburse his old employer Goldman Sachs $6.22 Million Dollars to help cover the cost of its legal costs associated with this mud fest. I suspect that the 2nd U.S, Circuit Court of Appeals will have another round of bad news about this time next year.
So Rajat, is 1 June 2014 a good day for you, to start your extended stay-cation at one of our finest Club Fed facilities? As far as what facility it will be, it will be our choosing of course, but we do invite your input as to which one of our fine facilities you would like to stay at. It goes without saying that since you will be one of over 200,000 guests, we cannot guaranty that we will be able to accommodate you in your preferred selection. But rest assured, what ever facility you do eventually end up at it will as comparable as possible to your requested facility.
I know you have concerns, and that is to be expected but rest assured the staff at what ever facility you are assigned to have seen it all before, and will provide you with assistance in navigating this new and exciting phase of your life. Starting this new adventure at 65 years of age is not for the feint of heart, but having been a Captain of Industry and Finance it should be within your skill set.
Maybe you will get Butner Federal Correctional Institution where you can catch up with 61727-054, AKA Bernard Lawrence Madoff. Or possibly FMC, Devens where you could catch up with 62785-054 AKA Raj Rajaratnam. Where ever it is I am sure that you will meet and make new friends, but it does help if you already know someone already there.
So in the end was it worth it? After all it will have cost you nearly 2 years of house arrest, 2 year of actual prison time, and some $11.22 Million Dollars in fines and restitution, not to mention your various attorney fees, and last but not least the ruin of your good name (Which no one can put a price on).
Or was it a complete and utter waste time and effort?