Ex-Goldman director Rajat Gupta fails to void conviction

Former Goldman Sachs Group Inc. director Rajat Gupta, serving a two-year prison term, has failed to persuade a federal appeals court to overturn his insider trading conviction.

The U.S. Circuit Court of Appeals in New York ruled Monday that the June 2012 conviction should stand, according to Fox Business.

Gupta may still appeal to the U.S. Supreme Court. He has also been fined millions of dollars.

Read more from Fox Business.