What's new
US Message Board 🦅 Political Discussion Forum

Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

A step in the right direction! Galleon Chief Sentenced!

Sallow

The Big Bad Wolf.
Joined
Oct 4, 2010
Messages
56,532
Reaction score
6,246
Points
1,840
Location
New York City
Bravo! :clap:

The fallen hedge fund billionaire Raj Rajaratnam received the longest prison sentence ever for insider trading on Thursday, capping an aggressive government campaign that has ensnared dozens and may help deter the illegal use of confidential information on Wall Street.

Judge Richard J. Holwell of Federal District Court in Manhattan sentenced Mr. Rajaratnam, 54, the former head of the Galleon Group hedge fund, to 11 years in prison. A jury convicted Mr. Rajaratnam of securities fraud and conspiracy in May after a two-month trial.

“Insider trading is an assault on the free markets,” said Judge Holwell, who also imposed a $10 million fine and ordered Mr. Rajaratnam to forfeit $53.8 million in ill-gotten profits. “His crimes reflect a virus in our business culture that needs to be eradicated.”

Galleon Chief Sentenced to 11-Year Term in Insider Case - NYTimes.com

No truer words have been spoken!

:thewave:
 

Trajan

conscientia mille testes
Joined
Jun 17, 2010
Messages
29,048
Reaction score
5,460
Points
48
Location
The Bay Area Soviet
:clap2:agreed, fuck him.
 

USMB Server Goals

Total amount
$115.00
Goal
$350.00

New Topics

Most reactions - Past 7 days

Forum List

Top