Huge Insider Trading Case Features Multibillion-Dollar Deals, Wiretaps
http://www.aolnews.com/2011/04/04/insider-trading-case-against-raj-rajaratnam-features-multibillio/
Rajaratnam, the 53-year-old founder of the Galleon Group hedge fund, has sat in court from the first day of the trial, which began in March, and heard his old classmates from the Wharton School of the University of Pennsylvania testify against him.
In the past 3 1/2 weeks, the government has played secretly recorded conversations in which Rajaratnam and his sources exchange information about the quarterly earnings of companies and what deals are brewing in different boardrooms.
Galleon Group hedge fund co-founder Raj Rajaratnam leaves Manhattan Federal Court on March 23 during his trial on insider trading charges in New York City. The prosecution has called four key witnesses including Lloyd Blankfein, the head of Goldman Sachs Group, who was asked to testify about a former director in the firm, Rajat Gupta.
I need to start a brokerage. I want 0.05% of all the transactions, and access to all that activity 1 second ahead of the world. I could make a few bucks even if I was as stupid as these guys.
Categories: main-street Tags: dollar-deals, from-the-first, galleon, galleon-group, goldman-sachs, government, insider, insider-trading, rajaratnam, transactions, trial, university, wharton-school
Related online forex trading news: [Forex] Beyond-trading.com: Goldman Sachs’ profit soars as company faces fraud suit | McClatchy: Goldman Sachs, rocked by … http://bit.ly/brayE5 [23:09:02] · [Forex] Beyond-trading.com: Earnings …
Original post:Â
[Forex] be aware of Wall Street and TV pundits idiots calling …
Don’t know if this can be done here but if everyone else out there feels like I do then maybe. I fell that our great financial institutions have ripped us off. We have seen discussions go round & round. There is no doubt they should be head responsible for their actions.
They are responsible for the demise of millions of americans and are not taking any responsability or liability.
I am looking for a large number of individuals who believe that these firms have gone too far and should be held liable.
I am also looking for law firms who also believe that these firms should be held liable.
In short I see the potential for a nationwide class action lawsuit against the likes of Goldman Sachs, Citi Bank, Fannie, Freddy and everyone else involved in creating this financial debacle.
The fact that they sold millions of un secured and un qualified mortgages left many more millions of qualified customers un protected from the markets they manipulate.
Is there anyone out there with kahuna’s big enough to take on these giants before they do us all in??
I gaurentee you that government financial reform will not fix the problem.
They got bailed out and the thanx we get is a forclosing notice.
PCT: One hundred percent of credit cards offered online by the leading bank card issuers continue to include practices that will be outlawed once legislation passed in May takes effect next year, according to a new report by the Pew …
Read more from the original source:Â
100% Of Credit Cards Being Offered Online Involve Practices That …
Categories: Card Online Tags: america, china, consumer, credit-cards, facebook, financial-services, goldman-sachs, insider-trading, investment, read-187, stumbleupon
In 2003, after being arrested in New Jersey in a computer crime, he helped the Secret Service and federal prosecutors in New Jersey identify his former conspirators in the online underworld where credit and debit card numbers are stolen …
See original here:Â
3 Indicted in Theft of 130 Million Card Numbers – DealBook Blog …
Categories: Card Online Tags: bank-of-america, business, credit-suisse, deutsche-bank, goldman-sachs, henry-kravis, jpmorgan-chase, legal, lehman-brothers, merrill-lynch, posts, profile, real-estate, technology
Recent Comments