['< sod > he was convicted in june 2012 on insider trading charges of four criminal felony counts of [ [ conspiracy ( crime ) | conspiracy ] ] and [ [ securities fraud ] ]. he was sentenced in october 2012 to two years in prison, an additional year on supervised release and ordered to pay $ 5 million in fines. < ref > [ http : / / www. latimes. com / business / money / la - fi - mo - gupta - sentenced - 20121024, 0, 7839103. story\'\' latimes. com\'\' ]. < / ref > his conviction was upheld by a federal appeals court on march 25, 2014. < ref > { { cite web | url = http : / / dealbook. nytimes. com / 2014 / 03 / 25 / court - rejects - rajat - guptas - appeal /? _ php = true & _ type = blogs & _ r = 0 | title = federal court rejects gupta ’ s appeal for new trial | author = ben protess | publisher = [ [ the new york times ] ] | date = march 25, 2014 } } < / ref > he then lodged an appeal with the [ [ supreme court of the united states | u. s. supreme court ] ] which was subsequently upheld on april 20, 2015. an application to remain free until the court determined whether it would hear the appeal was denied on june 11, 2014 leaving gupta having to commence his two - year prison term on june 17, 2014. < ref name = " guptaproceedings " > { { cite news | title = ex - goldman director gupta loses bid to stay out of prison | url = http : / / www. reuters. com / article / 2014 / 06 / 11 / us - usa - crime - insidertrading - gupta - iduskbn0em2e420140611 | accessdate = june 11, 2014 | publisher =\'\' reuters\'\' } } < / ref > he was released on monitored house arrest in january 2016 and from house arrest in march 2016. at the time of his release gupta was continuing to appeal his conviction on grounds that he received currently no tangible benefit from [ [ raj rajaratnam ] ] in return for the profitable insider information that gupta relayed to his associate. < eod > < sod > he was convicted in june 2012 on insider trading charges of four criminal felony counts of [ [ conspiracy ( crime ) | conspiracy ] ] and [ [ securities fraud ] ]. he was sentenced in october 2012 to two years in prison, an additional year on supervised release and ordered to pay $ 5 million in fines. < ref > [ http : / / www. latimes. com / business / money / la - fi - mo - gupta - sentenced - 20121024, 0, 7839103. story\'\' latimes. com\'\' ]. < / ref > his conviction was upheld by a federal appeals court on march 25, 2014. < ref > { { cite web | url = http : / / dealbook. nytimes. com / 2014 / 03 / 25 / court - rejects - rajat - guptas - appeal /? _ php = true & _ type = blogs & _ r = 0 | title = federal court rejects gupta ’ s appeal for new trial | author = ben protess | publisher = [ [ the new york times ] ] | date = march 25, 2014 } } < / ref > he then lodged an appeal with the [ [ supreme court of the united states | u. s. supreme court ] ] which was subsequently upheld on april 20, 2015. an application to remain free until the court determined whether it would hear the appeal was denied on june 11, 2014 leaving gupta having to commence his two - year prison term on june 17, 2014. < ref name = " guptaproceedings " > { { cite news | title = ex - goldman director gupta loses bid to stay out of prison | url = http : / / www. reuters. com / article / 2014 / 06 / 11 / us - usa - crime - insidertrading - gupta - iduskbn0em2e420140611 | accessdate = june 11, 2014 | publisher =\'\' reuters\'\' } } < / ref > he was released on monitored house arrest in january 2016 and from house arrest in march 2016. at the time of his release gupta was continuing to appeal his conviction on grounds that he received no tangible benefit from [ [ raj rajaratnam ] ] in return for the profitable insider information that gupta relayed to his associate rajaratnam. < eod >']