Here you will find the all the exciting details of how to do business in America. This isn’t boring theory or textbook learning. All of the examples are from current, real-world events. Learn from the greatest American business institutions and people how to operate in the U.S.
Illegal insider trading is still fun and profitable. It almost impossible to prosecute and even if convicted the sentences are light.
Here is a real world example. On February 8, 2010, Rajiv Goel, a former Intel Corporation manager, plead guilty to securities fraud. Mr. Goel fed information about Intel’s earning to his friend of 25 years, Raj Rajaratnam, the founder of Galleon Group, LLC. Mr. Goel also provided Mr. Rajaratnam information about Clearwire Corp. Mr. Goel has not been sentenced yet.
Eight people have now plead guilty in the Galleon Group, LLC illegal insider trading case. I will provide a list of their names and associated companies at the end of this post.
What does this mean to you? Be careful when you hire an American company to provide you with products or services. Many employees at American companies will actively seek non-public information about your company so they can earn illegal profits. This is how business is now done in America.
Here are the admitted felons in the Galleon Group, LLC case. These felons will receive light sentences. They will be coming to a hedge fund near you. You have been warned.
Galleon Group, LLC Case Felons: Steven “Tuna” Fortuna; Rajiv Goel, former Intel Corp. manager; Roomy Khan, former Intel Corp. employee; Anil Kumar, former McKinsey & Co. senior partner; Richard Lee; Brien Santarlas, Ropes & Gray LLP; Gauthan Shankar, Schottenfeld Group, LLC; David Slain, Chelsey Capital.
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