Supreme Court Rejects Ex-Goldman Director Rajat Gupta's Appeal
The decision leaves him to continue serving his two-year prison sentence for insider trading.
Rajat Gupta, former Goldman Sachs Inc. director and former senior partner at McKinsey & Co., exits federal court in New York, U.S., on Friday, June 1, 2012.
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The U.S. Supreme Court rejected an appeal from former Goldman Sachs Group Inc. director Rajat Gupta, leaving him to continue serving his two-year prison sentence for insider trading.
Gupta, 66, was convicted in 2012 of passing illegal tips to Raj Rajaratnam, a co-founder of the Galleon Group LLC hedge fund. Gupta, also a former McKinsey & Co. managing partner, is the highest-profile executive convicted in a U.S. crackdown on insider trading at hedge funds. He is due to be released in March 2016.