Supreme Court rejects Rajat Gupta's insider trading appeal

By

The U.S. Supreme Court on Monday left intact the 2012 insider trading conviction of former Goldman Sachs Group Inc(GS.N) director Rajat Gupta.

The court rejected Gupta's appeal of a March 2014 ruling by the New York-based 2nd U.S. Circuit Court of Appeals that had upheld the conviction.

The U.S. government used wiretap evidence to show that Gupta leaked news about Goldman's finances, including a crucial investment by Warren Buffett's Berkshire Hathaway Inc, by phone to Galleon Group hedge fund founder Raj Rajaratnam.

Gupta, 66, is serving a two-year prison sentence stemming from his conviction. He was also ordered to make $6 million in restitution to Goldman and pay a $5 million fine. Gupta is scheduled to be released from prison in March 2016.

Join the Discussion
More News
Jeffrey Epstein Donald Trump

Trump Pushes MAGA Theory on Epstein Files But It Backfires: 'Then What's Stopping You From Releasing Everything?'

Trump

Democratic Lawmaker Demands 'the Evidence About Trump' Following Pam Bondi's Plans to Release of Epstein Case Transcripts

Bondi Trump Epstein

Trump Admin is 'Ready' to 'Unseal' Another Trove of Epstein Documents, Pam Bondi Declares Following Bombshell Report

Trump vs Newsom_06092025_1

Gavin Newsom Calls Out Trump for Insisting He Never Drew a 'Picture in My Life' in Rebuke of Bombshell Epstein Report