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Local Executives Arrested for Insider Trading

Original post made by Sharon on Oct 17, 2009


They are alleged to have targeted Google and SUN, one was a McKinsey Director from here another is a local executive from Intel.
Another is in investigation for aiding terroristWeb Link

Comments (6)

Posted by qq, a resident of Barron Park
on Oct 18, 2009 at 1:59 am

As I've noted before, the more the water goes out, the more we are gonna see who is wearing shorts. The quotes are great.

Web Link

Quotes from the criminal complaint in the Galleon insider-trading case:

"I don't like talking over cell phone on this."
– defendant Rajiv Goel to defendant Raj Rajaratnam

"I swear to you in front of God … You put me in jail if you talk."
– defendant Danielle Chiesi to an unnamed alleged co-conspirator

"I'm dead if this leaks. I really am … And my career is over. I'll be like Martha f—ing Stewart."
– defendant Danielle Chiesi to an unnamed alleged co-conspirator

"Don't put anything on email … Don't email even Raj [Rajaratnam], or anybody … Be Careful."
– defendant Mark Kurland to defendant Danielle Chiesi


Posted by Make Money Fast ..., a resident of Community Center
on Oct 18, 2009 at 6:26 am

Doesn't say good about Wharton Business School.

You go to top notch business school - make money by cheating - people think it your smarts.

Darn.



Posted by Comparative Trading, a resident of Meadow Park
on Oct 18, 2009 at 9:37 am

Well, don't like this at all..at all..this is true.

However, something is wrong when we get all hot and bothered about this ( rightfully so, don't get me wrong), buuuuuut...

then we make not a peep when Recovery.org proudly proclaims that $16,000,000,000 of OUR MONEY "created" just over 30,000 jobs and that this is a good use of the "stimulus" funds.

Can I have one of those $500,000 jobs, even for just one year please?

Who are we prosecuting for pocketing the heck-of-a-lot more money in the government's case? Since I have no doubt at all that each "job" isn't paying the individual $500,000, even over the next few years, who's pocketing the money?

I am probably being paranoid a la Russia/China, but why do we keep getting news that doesn't report on our government's horrific thefts, while non-stop reporting on ( relatively speaking) peanut crimes of individuals?


Posted by Comparative Trading, a resident of Meadow Park
on Oct 18, 2009 at 9:38 am

sorry, recovery.gov


Posted by Walter_E_Wallis, a resident of Midtown
on Oct 18, 2009 at 11:16 am

Walter_E_Wallis is a registered user.

I have always felt that insider trading should be treated as a tort rather than a crime.


Posted by Where the Truth Lies, a resident of another community
on Oct 18, 2009 at 2:20 pm

@ Comparative Trading

- why do we keep getting news that doesn't report on our government's horrific thefts, while non-stop reporting on ( relatively speaking) peanut crimes of individuals?

Here is your answer.

Old Philosopher Saying
- Why tell the truth? When lies are for Free!


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