Meanwhile the Wall Street bankers who caused the much greater crisis walk free. Sure this case involves someone who has “Goldman Sachs” on his CV and yes, he sounds like yet another sleazy consultant from a so-called prestigious management firm (McKinsey) but the reality is, he did not cause the economic crisis. If you look at the discussed charges, it sounds like a a major violation of the law but it still has nothing to do with where we are economically as a country. This is yet another sideshow by the Feds.

Federal prosecutors are expected to file criminal charges on Wednesday against Rajat K. Gupta, the most prominent business executive ensnared in an aggressive insider trading investigation, according to people briefed on the case.

The case against Mr. Gupta, 62, who is expected to surrender to the authorities on Wednesday, would extend the reach of the government’s inquiry into America’s most prestigious corporate boardrooms. Most of the defendants charged with insider trading over the last two years have plied their trade exclusively on Wall Street.

The charges would also mean a stunning fall from grace of a trusted adviser to political leaders and chief executives of the world’s most celebrated companies.