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United States Second Circuit


US v. Gupta, 12-4448

Defendant's convictions of securities fraud and conspiracy to commit securities fraud based on insider trading are affirmed, where the district court did not err in: 1) admitting statements of a co-conspirator, recorded in wiretapped telephone conversations to which defendant was not a party, because the statements in all three conversations were admissible both as non-hearsay statements in furtherance of the conspiracy and under the exception for statements against penal interest; and 2) excluding certain evidence offered by defendant to show that any communication by defendant of inside information to his co-conspirator in the fall of 2008 was improbable.

Appellate Information

  • Decided 03/25/2014
  • Published 03/25/2014

Judges

  • KEARSE

Court

  • United States Second Circuit

Counsel

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