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Libertarian_Guard
1st March 2011, 09:51 AM
Insider trading charge for ex-Goldman director

The US Securities and Exchange Commission today announced insider trading charges against a business consultant who has served on the boards of directors at Goldman Sachs and Procter & Gamble.

The charge relates to an allegation of illegally tipping Galleon Management founder and hedge fund manager Raj Rajaratnam with inside information about the quarterly earnings at both firms.

Rajat Gupta, a friend and business associate of Rajaratnam, is also accused of tipping Rajaratnam off about an impending $5bn investment by Berkshire

http://www.gfsnews.com/article/1245/1/Insider_trading_charge_for_ex_Goldman_director

http://www.zerohedge.com/article/former-goldman-sachs-board-member-rajat-gupta-charged-sec-insider-trading
Serpo
1st March 2011, 10:23 AM
They have never taken their hand out of the cookie jar.
Silver Shield
1st March 2011, 10:34 AM
They have never taken their hand out of the cookie jar.
They are the cookie jar...
Libertarian_Guard
1st March 2011, 10:35 AM
They have never taken their hand out of the cookie jar.


True, but it isn't often that one of their own is dragged out for a perp walk.
Serpo
1st March 2011, 10:38 AM
They have never taken their hand out of the cookie jar.


True, but it isn't often that one of their own is dragged out for a perp walk.

Grabbed too many cookies at once and couldnt get hand out again.
mick silver
1st March 2011, 11:33 AM
will he go to jail are get off . i would bet nothing comes of this
Hermie
1st March 2011, 01:19 PM
The US Securities and Exchange Commission today announced insider trading charges against a business consultant who has served on the boards of directors at Goldman Sachs and Procter & Gamble.

Rajat Gupta, a friend and business associate of Rajaratnam, is also accused of tipping Rajaratnam off about an impending $5bn investment by Berkshire



The Wall Street / Banking Big shots may be starting to throw some sacrificial bodies overboard
because of the increasing notice that no one has been prosecuted or gone to jail for
the immense and economy-wrecking frauds that have been pulled.

I don't see them ever going after those who really run things and are responsible.

When the names of the people being prosecuted are something like,
Mort Silvergoldiamondbergerstein,
then I'll believe they are actually intent on true investigations.

I don't expect it any time soon.