The recent arrests of NBA figures Chauncey Billups and Terry Rozier in connection with federal gambling probes have garnered national attention, but financial misconduct is hardly new to the business world .

For years, scandals surrounding insider trading, which involves illegally buying or selling stock based on non-public information, have ensnared powerful figures from corporate executives to media personality Martha Stewart.

Here’s a look at some of the most infamous controversies linked to insider trading.

Rajat Gupta and Raj Rajaratnam

Former Goldman Sachs Group Inc. director Rajat Gupta was sentenced to two years in prison for illegally leaking confidential boardroom information to Raj Rajaratnam, former hedge fund manager and founder of the Galleon Group.

The tips helped Raj

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