NEW YORK (AP) - A federal appeals court has upheld the insider trading conviction of a former Goldman Sachs and Procter & Gamble board member.

NEW YORK (AP) A federal appeals court has upheld the insider trading conviction of a former Goldman Sachs and Procter & Gamble board member.

The 2nd U.S. Circuit Court of Appeals ruled Tuesday that Rajat Gupta was fairly tried and convicted of conspiracy and securities fraud.

Gupta was sentenced to two years in prison and fined $5 million. But he's been free on $10 million bail.

His lawyer did not immediately return a message for comment.

The Westport, Conn., resident was the biggest catch in the government's five-year crackdown on insider trading that featured wiretaps and numerous cooperators. The prosecution resulted dozens of convictions.