Rajat Gupta goes to prison, may be out by 2015-end

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When Gupta, 65, drives up to the minimum security satellite camp of the Federal Medical Center-Devens in Ayer, Massachusetts, he would have spent more time (almost three years) fighting the case than he will spend inside prison.

In This Pic : Rajat Gupta

Pic Courtesy : BCCL

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Gupta, whose net worth was once estimated at around $130 million, is fighting to save from forfeiture his many properties, including a waterfront home in Westport, Connecticut that once belonged to the co-founder of J C Penney that he bought for more than $6 million. Legal stratagems include moving his domicile to Florida, which has more lenient bankruptcy laws that protect personal property.