Ex-Goldman Director Gupta Loses Bid To Stay Out Of Prison
Former Goldman Sachs Group Inc director Rajat Gupta will begin serving a two-year prison term on June 17 after a U.S. federal appeals court rejected his bid to stay free, while he appeals his insider trading conviction. 65 year-old,Gupta, was convicted in June 2012 of feeding tips from Goldman board meetings to longtime friend Raj Rajaratnam, founder of the Galleon Group hedge fund firm.
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