Federal appeals court upholds insider trading conviction

[JURIST] The US Court of Appeals for the Second Circuit [official website] on Tuesday affirmed [opinion, PDF] the insider trading conviction of former Goldman Sachs [corporate website] director Rajat Gupta. Judge Amalya Kearse rejected Gupta's claim that wiretap evidence should not have been admitted against him. Gupta was convicted of three counts of securities fraud and one count of conspiracy to commit securities fraud in June 2012, primarily upon the basis of statements he made by phone to Raj Rajaratnam...

Source: http://jurist.org/paperchase/2014/03/federal-appeals-court-upholds-insider-trading-conviction.php

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