Ex-Goldman board member seeks to stay out of jail

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Associated Press

Posted on June 10, 2014 at 12:00 PM

Updated Tuesday, Jun 10 at 12:02 PM

NEW YORK (AP) — A former Goldman Sachs and Procter & Gamble board member has asked the Supreme Court to let him stay free while he continues to appeal his conviction on insider trading charges.

A copy of Rajat Gupta's request to Supreme Court Justice Ruth Bader Ginsburg was made available on Tuesday.

Gupta asked to continue to stay free on bail while he awaits word from the 2nd U.S. Circuit Court of Appeals in Manhattan on his latest appeals.

His lawyers said he otherwise must report to prison on June 17 to begin serving a two-year sentence. A three-judge 2nd Circuit panel in March affirmed Gupta's convictions on conspiracy and securities fraud charges.

Gupta has asked the 2nd Circuit to reconsider his appeal or to let the entire court consider it.

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