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