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Thursday, October 13, 2011

one down. . .

Hedge founder gets 11 years in insider trade probe 

NEW YORK (AP) — A former billionaire described by the government as "the modern face of illegal insider trading" was sentenced Thursday to 11 years in prison, the longest insider trading sentence ever but far short of the two decades sought by prosecutors.

 

Why this one wall Street scumbag? What is it about him that makes it impossible for him to avoid justice while other Wall Street robber barons continue to be above the law?

  • Galleon hedge fund founder Raj Rajaratnam departs Manhattan Federal Court in New York October 13, 2011. REUTERS/Lucas Jackson
    Galleon hedge fund founder Raj Rajaratnam departs Manhattan Federal Court

    Ooooohhhhhh. Got it.

1 comment:

jadedj said...

Uh huh. Exactly my thought when I learned of this.