In an opinion released this week, the 11th U.S. Circuit Court of Appeals denied Mr. Walker's renewed request for bond pending a ruling on his appeal.
The granting of such a renewed request is rare, but Mr. Walker's attorneys hoped that after the oral arguments last month the federal appeals court might look at the issue differently.
Bond had been denied after he was sentenced last year.
The court's most recent decision was posted Tuesday without an opinion or further explanation, according to the court records.
The court is under no deadline to issue a decision on Mr. Walker's appeal. At the oral arguments, at least one member of the three-judge panel indicated that Mr. Walker's attorneys made a strong argument that his jury selection was tainted.
Mr. Walker was convicted in the U.S. District Court in Augusta of 127 criminal counts in June 2005.
Mr. Walker, who served the residents of Augusta for more than 20 years in both houses of the General Assembly and who was once mentioned as a gubernatorial candidate, was sentenced to 10 years in prison.
He was also fined $150,000 and ordered to pay $698,000 in restitution.
A self-made millionaire, Mr. Walker was convicted of criminal charges related to his use of his political and professional positions to defraud newspaper advertisers, two public hospitals, campaign contributors and the CSRA Classic charity event that he co-founded.
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Once the 11th U.S. Circuit Court of Appeals issues a decision on Charles Walker's appeal, the losing side can ask for a rehearing before the full court. The next step would be the U.S. Supreme Court.