Rajat Gupta, the Goldman Sachs director who waited but 23 seconds after a Goldman board meeting to call hedge fund manager Raj Rajaratnam with material, non-public information, has lost his bid to stay out of jail.

A federal appellate court in New York on Friday rejected Mr. Gupta’s attempt to remain free on bail while he seeks to appeal his 2012 conviction to the United States Supreme Court. Mr. Gupta, 65, is now set to surrender to the federal Bureau of Prisons on June 17 and begin serving a two-year prison sentence.

Rajat Gupta Loses Bid to Avoid Prison During Appeal [Dealbook]

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  1. Posted by guest | May 30, 2014 at 4:16 PM

    pro tip, Rajat: you want the top bunk. so to speak.

  2. Posted by guest | May 30, 2014 at 4:17 PM

    go on…

    -j gundlach

  3. Posted by guest | May 30, 2014 at 4:17 PM

    i'm sure you've got a movie on it in your collection.

  4. Posted by guest | May 30, 2014 at 4:36 PM

    hard time keeping track of who's who. oh well, friday

  5. Posted by Guest | May 30, 2014 at 7:27 PM

    Wednesdays are very good in Federal Prison camp where you will also to be going, my friend. Wednseday is hamburger and french fries day all across the FBOP. You are to be watching out for Fridays as this is anal sex day in the gym.

    – Raj

  6. Posted by UFO | June 2, 2014 at 9:05 AM

    Speaking from experience are we?

  7. Posted by Xenomorph | June 2, 2014 at 9:07 AM

    Raj in a gym? Oh lawdy lawdy, prison done changed him and saved his soul. Bless me, he's like a new man

    – Surprised Southern accent quant