The U.S. Supreme Court on Monday left intact the insider trading conviction of Galleon Group hedge fund founder Raj Rajaratnam.
The court declined to hear Rajaratnam's appeal, meaning a June 2013 decision by the 2nd U.S. Circuit Court of Appeals in New York upholding the conviction is the final word in the case.
The appeals court rejected Rajaratnam's argument that wiretap evidence was used improperly to convict him.
Rajaratnam is serving an 11-year prison term. A federal jury convicted him in May 2011 of nine counts of securities fraud and five counts of conspiracy.