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Raj Rajaratnam Insider Conviction Upheld by Appeals Court

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Mon, 24 Jun 13 8:22 PM | 9 view(s)
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Raj Rajaratnam Insider Conviction Upheld by Appeals Court
By David McLaughlin - Jun 24, 2013 10:38 AM ET

....
The ruling comes as former Goldman Sachs Group Inc. director Rajat Gupta waits to hear from the same appeals court in his bid to overturn his insider-trading conviction. Gupta argued that prosecutors shouldn’t have been allowed at his trial to use secretly wiretapped calls in which he wasn’t a participant.

Rajaratnam, 56, was convicted of directing the biggest hedge fund insider-trading scheme in U.S. history and is serving an 11-year prison sentence. At the trial, the government introduced 45 secret recordings, along with documents and testimony derived from the wiretaps.

more:
http://www.bloomberg.com/news/2013-06-24/raj-rajaratnam-insider-conviction-upheld-by-appeals-court.html




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