Former hedge-fund titan Raj Rajaratnam must begin serving his 11-year prison term while he appeals his conviction on insider-trading charges, a federal appellate court ruled Thursday. In a brief, one-page order, the U.S. Second Circuit Court of Appeals denied his request to remain free on bail while the court considers arguments on whether to overturn his conviction.
Read more: Raj Rajaratnam Loses Bid For Bail Pending Appeal — WSJ Law Blog
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