The Supreme Court rejected the appeal of former hedge-fund king
to overturn his conviction and 11-year prison sentence for insider trading.
Rajartnam, the founder of once high-flying
The former hedge-fund king argued on appeal that the trial judge should not have allowed prosecutors to use evidence obtained by a government wiretap of his cellphone. He also said prosecutors did not prove that inside information played a key role in his winning trades.
The Supreme Court’s decision to let Rajaratnam’s convictions stand comes one week after it rejected a plea from former