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Feds Expand Indictment in Gupta Insider Trading Case

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.WestportNow.com Image
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.

Police Chief: ‘Incivility Breeds More Incivility”

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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

Praise…and a Parking Ticket Handover

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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

Martha Reports on Westport Scene

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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

In the Can

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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

At the Ready

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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

Tuesday, January 31, 2012


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

Board of Ed Hears Opposition to Language, Gym Cuts

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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