When you're a former Goldman Sachs board member who has already been:

(a) convicted on three counts of securities fraud and one count of conspiracy for tipping off an acquaintance (Raj Rajaratnam) about Goldman-related deals and financial results; 

(b) sentenced to two years in prison; 

(c) ordered to pay a $5 million criminal fine; and

(d) ordered to pay Goldman $6.218 million in restitution as a "victim" under the Mandatory Restitution Act of 1996

... is there anything else bad that can really happen to you from this same transgression? It turns out the answer to that question is a resounding yes, as the SEC took its pound of flesh yesterday, as well. The SEC announced that it had obtained a court order imposing a $13.9 million penalty against Gupta for illegally tipping Rajaratnam, and also permanently barring Gupta from serving as an officer or director of a public company.

George Canellos, Co-Director of the SEC's Division of Enforcement, stated that the sanctions "send a clear message to board members who are entrusted with protecting the confidences of the companies they serve. If you abuse your position by sharing confidential company information with friends and business associates in exchange for private gain, you will be prosecuted to the fullest extent by the SEC.”