Raj Rajaratnam has Supreme Court appeal rejected

Gavel

The Supreme Court on Monday denied jailed hedge fund manager Raj Rajaratnam’s request to have the appeal of his insider trading conviction heard by the highest court in the U.S.

Fox Business reports that Rajaratnam’s appeals are now exhausted and he will remain in jail to serve out his 11-year sentence.

The high court rejected Rajaratnam’s appeal without comment. The Supreme Court only accepts a fraction of the cases appealed to its level.

Rajaratnam, the billionaire co-founder of Galleon Group, was convicted in 2011 on 14 felony counts related to insider trading at his Manhattan hedge fund.

To access the complete Fox Business article hit the link below:

Rajaratnam's Appeal Denied by Supreme Court 

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