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.
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