Tuesday, January 31, 2012
Federal prosecutors today expanded their insider trading case against Westporter Rajat Gupta, a former Goldman Sachs Group Inc. director, saying the illegal activity lasted longer and involved more trades than alleged.
Rajat Gupta: new allegations made. File photo
A new indictment filed in Manhattan federal court expanded the period in which Gupta, 63, supposedly provided illegal tips to his friend Raj Rajaratnam, the Galleon Group hedge fund founder now serving an 11-year prison term following his insider trading conviction.
The charges now relate to trades that prosecutors said Rajaratnam made between March 2007 and January 2009 in the stock of Goldman and Procter & Gamble Co., where Gupta was also a director.
Gupta, a former chief of the consulting firm McKinsey & Co., is the most prominent corporate executive to face insider trading charges in a wide-ranging federal probe since Rajaratnam was arrested in October 2009. He has pleaded not guilty.
With the Westport jewelry robbery-murder investigation “more or less resolved” with the Spanish suicide of the suspected killer, Police Chief Dale Call today turned his attention to incivility in Westport in a talk to the Westport Rotary Club at the Inn at Longshore. “We see a lot of lack of civility in town and it drives a lot of our complaints,” he said. “Incivility breeds more incivility.” As to the murder investigation, he said federal investigators had limited him in what he could say but added: “I don’t think we could be any prouder of the work that a lot of people have done on this. If anything, it’s been a textbook case on how different law enforcement agencies can work together.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Longtime Westporter Larry Aasen (l) praised Westport Police Chief Dale Call today after his talk to the Westport Rotary Club at the Inn at Longshore. “I’ve been listening to police chiefs almost every year for 25 years coming to Rotary and your talk was the best,” said Aasen. He then added, handing a piece of paper to the chief: “And here’s a parking ticket I’d like you to take care of for me.” Amid much laughter, Call took the paper, but it was not known what action, if any, he took on it. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Eleanor Lowenstein, who recently completed serving 12 years on Westport’s Planning and Zoning Commission, was guest speaker today at a luncheon of the Democratic Women of Westport. She reviewed her years on the commission and answered questions. (CLICK TO ENLARGE) Phyllis Groner for WestportNow.com
Former Westporter Martha Stewart devotes her blog today to a report on Saturday night’s “Fork It Over” benefit for the Westport Farmers Market. Stewart, pictured with Sal Gilbertie, owner of Gilbertie’s Herb Gardens which hosted the event and is home to the winter Farmers Market, called it “a really fun and delicious event.” (CLICK TO ENLARGE) Themarthablog.com photo
Westport Fire Chief Andy Kingsbury demonstrates Monday night how residents should dispose of fireplace ashes. He spoke at an emergency preparedness forum at Town Hall organized by the Westport-Weston Health District. He said since improper disposal of fireplace ashes was pinpointed as the cause of a Christmas Day fire in Stamford that left five dead, there have been several other fires traced to the same cause. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Westport town department heads took part Monday night in an emergency preparedness forum at Town Hall organized by the Westport-Weston Health District. Speakers emphasized repeatedly the need for residents to take steps in advance to be prepared for flooding, power outages, or other emergencies that will stretch the town’s ability to respond to multiple calls for help. The session was broadcast live on the town cable channel and streamed on the Internet and will be available for viewing on the town website. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
9:30 a.m. - Westport Public Library - Jobseeker Special: Cover Letters, Thank You Notes, & More
10 a.m. - 5 p.m. - Westport Arts Center - “Toy Stories”
10 a.m. - 4 p.m. - Westport Historical Society - “Next Stop: Westport!” & “The Cold War in Our Backyard”
7:30 p.m. - Westport Public Library - WestportSTORIES: interview, Michael Miller (broadcast live on channel 79 & ATT channel 99)
See more events: Celebrate Westport Calendar
With a large crowd on hand, the Westport Board of Education tonight heard more criticism from parents to proposed cuts in sixth grade French language classes and grades 1 through 5 gym classes in Superintendent of Schools Elliott Landon’s proposed $100.5 million 2012-13 budget. The board will vote on the budget on Feb. 6. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Westport Superintendent of Schools Elliott Landon tonight listens to parental criticism of language and gym class cuts in his proposed $100.5 million 2012-13 budget. Landon said the proposal will lead to more effective structuring of class time. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
By Dave Matlow
Songwriter, guitarist and producer Nile Rodgers addressed an overflow crowd at the Westport Public Library’s McManus Room tonight prior to a book signing for his memoir, “Le Freak: An Upside Down Story of Family, Disco and Destiny.”
Born in 1952 in Greenwich Village and raised in 1960s southern California, Rodgers, with a touch of pain and humor, told the crowd about his difficult youth.
“I remember my first report card on which the teacher wrote ‘Nile doesn’t pay attention in class,’” he said.
Rogders said he was surprised at that comment because “I went home and told my mother about the all the adventures I had—just observing everyone in the class. I thought I was paying a lot of attention.”
Monday, January 30, 2012
Staples High School junior Andrew Bowles was selected as one of three finalists out of 11 contestants in the semi-final round of the Westport Rotary Club Four-Way Speech Contest held at Fairfield University’s Dolan School of Business on Sunday. Bowles, who selected the topic of the validity of online piracy regulations, was the recipient of the $500 first place award in the quarter final round held at Westport’s Town Hall on Jan. 17. Bowles now advances to the Rotary District finals where he will compete with two other finalists on Feb. 11 in New Haven. He is pictured speaking on Jan. 17. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
The basement Patagonia space at 8 Church Lane recently vacated by Café Manolo may house a new restaurant by early summer. Vicente Siguenza, co-owner of the popular restaurants 55 Degrees Wine Bar and Restaurant in Fairfield and Cava in New Canaan, confirmed today that he and partner Mario Lopez are in talks with landlord David Waldman. “We are working on the lease but it is not finalized,” he said. “We would love to come to Westport. It’s a beautiful town. The downtown is amazing, We’ve had an interest (to come to Westport) for years, even before Zest (the restaurant before Manolo) went in there.” He said if talks are successful, the new restaurant would feature northern Italian cuisine, have a wood-burning oven and a wine bar. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
By Keith M. Phaneufwww.ctmirror.org
Gov. Dannel P. Malloy today secured Connecticut’s investment in a major genetic research initiative—but not before one more partisan debate.
The State Bond Commission voted 8-2 to release $291 million, which will pay to build a new 173,000-square-foot research center for The Jackson Laboratory on the University of Connecticut Health Center campus in Farmington. The funds also will provide equipment and furniture for the facility, and will subsidize roughly one-third of operating costs for the next decade.
Financed over years, the $291 million investment will cost the state another $153 million in interest charges, according to a projection from nonpartisan legislative analysts.
The project had been identified and developed by the administration, and the General Assembly granted preliminary approval for the financing during a special session in late October.
Click here for more of story
Enter your email address to get WestportNow.com delivered to your inbox:
Powered by FeedBlitz
(Click image to resume)
Click for ConnDOT View
Reader nominations welcome:
Burb Man: Brian Rutter
CT News Junkie
Fairfield Co. Real Estate
Friends of Westport Parks/Rec
Geek the Library
Kosher Like Me
Much Ado About Stuffing
Nancy on Norwalk
Nina Pomeroy Photography
Our Town Crier
Prill Boyle's Defying Gravity
Sherwood Island Friends
Taking the Kids
Westport Weather Website
Suggest a Westport-area blog by sending email to: