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Ex-Goldman board member’s conviction upheld in NY

By Larry Neumeister
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NEW YORK (AP) — A former Goldman Sachs and Procter & Gamble board member was fairly convicted on charges that he fed lucrative inside tips to a billionaire hedge fund owner, a federal appeals court said Tuesday.

The 2nd U.S. Circuit Court of Appeals made the ruling in the case of Rajat Gupta, rejecting his claims that he deserves a new trial on charges of conspiracy and securities fraud.

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