Gupta Asks Supreme Court To Keep Him Out Of Jail

Jun 11 2014 | 9:53am ET

Former McKinsey & Co. chief Rajat Gupta is making a last-gasp bid to stay out of jail while he appeals his insider-trading conviction to the U.S. Supreme Court.

Gupta asked Justice Ruth Bader Ginsberg to continue his bail while he waits for her and her colleagues to consider whether to hear his appeal. The request follows a lower-court ruling that ordered Gupta to begin his two-year sentence on June 17.

Gupta was convicted in 2012 of passing confidential information about Goldman Sachs to Galleon Group founder Raj Rajaratnam, himself serving an 11-year sentence for insider trading. Gupta was a member of Goldman’s board at the time.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…