WASHINGTON – The Supreme Court has declined to disturb the conviction of a former Goldman Sachs and Procter & Gamble board member on charges of conspiracy and securities fraud.
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The justices had no comment Monday on their order rejecting Rajat Gupta's appeal of his 2012 conviction for feeding lucrative inside tips about Goldman to a billionaire hedge fund owner.
Gupta argued that the trial court failed to admit evidence of his good character and other testimony that he lacked any motive to commit the offense.
The 2nd U.S. Circuit Court of Appeals rejected Gupta's appeal and the justices decided not to review that decision.
Gupta was sentenced to two years in prison and fined $5 million.