Ex-Goldman board member loses bid to delay prison

By The Associated Press | Posted - Jun. 11, 2014 at 3:03 p.m.



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NEW YORK (AP) — A Supreme Court justice has decided that a former board member at both Goldman Sachs and Procter & Gamble must report to prison as scheduled next week for his conviction on insider trading charges.

Without issuing a formal written order, Justice Ruth Bader Ginsburg on Wednesday denied a request from Rajat Gupta (rahj-AHT' GOOP'-tah) to delay reporting. In a letter Monday, Gupta's lawyers asked to delay his June 17 date to begin serving a two-year prison sentence. They cited unique appeal issues and said he might serve half his sentence before appeals are completed.

The government did not respond to the defense request. The 65-year-old Gupta was convicted in 2012 on conspiracy and securities fraud charges. A Manhattan federal appeals court has upheld the conviction and Gupta has asked it to reconsider.

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The Associated Press

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