The insider trading conviction of Rajat Gupta for passing information to hedge fund boss Raj Rajaratnam will stand now that the Second Circuit has held that the wiretapped statements of co-conspirators in telephone calls to which Gupta was not a party were properly admitted.
March 26, 2014 at 12:00 AM
1 minute read
The insider trading conviction of former Goldman Sachs’ board member Rajat Gupta for passing information to hedge fund boss Raj Rajaratnam will stand.
The U.S. Court of Appeals for the Second Circuit held Tuesday that the wiretapped statements of co-conspirators in telephone calls to which Gupta was not a party were properly admitted as evidence in his 2012 trial.
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