The smart money says you can't read a jury. In "U.S. v Gupta" the smart money is right. I assumed that this group of eight women and four men who have been well educated in the law from pop culture would acquit Rajat Gupta because of a lack of evidence. I did concede, though, that women tend to view the law and ethics more rigidly than do males.
A stunner, especially after the John Edwards mistrial, Gupta was convicted of three counts of securities fraud and one count of conspiracy. He was acquitted of two counts. He is free on bail until he is sentenced on October 18. The max for securities fraud is 20 years, for conspiracy five. Still to come is the trial regrading the allegations made by the SEC. For that Gupta opted for a jury not a bench trial.
Bloomberg reports that Gupta showed no reaction. His wife sobbed. His lead defense lawyer Gary Naftalis indicated that he will be making a motion to set aside the verdict and appeal if necessary.
This is an amazing second victory for Manhattan U.S. Attorney Preet Bharara who also nailed Galleon head Raj Rajaratnam. This equips him to pursue just about anyone he alleges could be a bad guy - or girl. With a track record like this, he can name his next job.