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The extent of insider trading in the Financial Markets: Raj guilty

NEW YORK, NY - APRIL 12:  Billionaire Galleon ...

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As Reuters insider puts it – As of 11 AM Raj Rajarathnam has been found guilty on 5 counts of conspiracy and 9 counts of securities fraud and faces up to 19 years in prison. He has also been found at risk of flight. The ruling makes this insider trading investigation bigger than Michael Milken and Ivan F Boesky in the 80s

Having been found on all 14 counts his appeals may be longer drawn and likely fruitless and the bail hard to come by .  Last heard Roomy Khan who had the Google earnings tips was not brought in by Preet Bharara’s team last week while we all followed Mckinsey team members Anil gupta and chairman Rajat Gupta’s testimony with considerable interest last month

The discussion on expert networks will likely begin now in this and the Steve Cohen SAC cases of the same where this case was an example of the clearly bad eggs. Also, Sokol’s risk treatment at Berkshire Hathaway shows up the gray areas to be extensive and likely not gettign further regulated by the new SEC still struggling with Flash crashes and “Free market Economics”

Here’s the graphic from showing the cases which have added up in tonight’s verdict

Rajat Kumar Gupta, Chairman of the Board, The ...

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Preet Bharara

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2 comments on “The extent of insider trading in the Financial Markets: Raj guilty

  1. C. Culbertson
    June 7, 2011

    I recently read Brad’s newest book, Amazon Top Seller Secrets. Though I’ve been in the industry for years, I was unfamiliar with Amazon’s selling platform. His book was not only easy to read, but enjoyable, which is a rarity with books in this genre. I highly recommend not only Schepp’s writing, but his latest book if you’re at all involved with e-commerce or Internet retail.


  2. Robert Kaufman
    June 18, 2011

    This is a complete guide to selling on Amazom, from books to baubles. There’s plenty of information here for newbies, like how to get started and choose categories to sell in. But there are also a lot of details on more advanced topics like setting prices, becoming a pro merchant, and sourcing the best products. The tips and advice here are not readily available on the Internet. In fact, because the authors spoke to so many sellers who share their secrets here for the first time, those tips are NOT on the Internet at all. I don’t know what some of these other reviewers such as “Honus Wagner” (baseball great reincarnated?) are thinking when they say this information is on the site.

    There’s money to be made on Amazon, but it’s a tough, competitive marketplace, and you need every advantage you can get to succeed. You need this book!


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