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| Politics Forum Index » USA Politics Forum » FBI Nabs 14 Bush Voters... |
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| demonios republicana... |
 Posted: Fri Nov 06, 2009 12:23 pm |
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FBI Nabs 14 for Insider Trading
Fourteen people, including Roomy Khan, the informant whose tip led to the
arrest of Galleon hedge fund founder Raj Rajaratnam last month, were
arrested Thursday and charged with insider trading and conspiracy. Nine of
the 14 individuals-many associated with trading firm Incremental
Capital-were charged with three criminal complaints alleging that
Incremental Capital founder and former Galleon employee Zvi Goffer managed
an "insider-trading network" that obtained and acted on confidential
information-some of it, such as the Blackstone Corp. acquisition of Hilton
Hotels, similar to the information received by Rajaratnam. Khan is said to
have used familial connections to a Moody's analyst, Deep Shah, to acquire
information; she and Shah are being charged with a separate criminal
complaint. As with the Galleon case, law-enforcement officials have said
that wiretaps and recorded conversations were essential to the pursuit and
eventual arrest of the accused individuals. Galleon and Incremental Capital
declined to comment.
Read it at The Wall Street Journal
http://online.wsj.com/article/SB125742913148830787.html?mod=WSJ_hps_LEFTWhatsNews
Whether it is insider trading, increasing bonuses by forty percent this year
over last, or getting swine flu vaccine for their execs ahead of everyone
else when none of them are in a priority group, you can depend upon the
swine at BushCo-Sachs and the other Wall St. Banks to screw America.
Seems like the SEC is finally doing it's job. Despite repeated complaints it
didn't even go after Madoff until end of Bush reign.
The best way to describe BushCo is a "kleptocracy." |
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