By Jonathan Stempel and Nate Raymond (Reuters) – A federal appeals court on Monday upheld the insider trading conviction of Galleon Group hedge fund founder Raj Rajaratnam, rejecting his argument that wiretap evidence was used improperly to convict him. The unanimous decision by a three-judge panel of the 2nd U.S. Circuit Court of Appeals in New York was a victory for federal prosecutors, who have used wiretaps to win convictions or guilty pleas for 73 defendants in a wide-ranging probe into insider trading that was unveiled in October 2009. …
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