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.
Showing posts with label McKinsey and Co.. Show all posts
Showing posts with label McKinsey and Co.. Show all posts
Thursday, February 11, 2010
Tuesday, February 9, 2010
Illegal Insider Trading: Lawyers, Hedge Funds, Consultants, and Corporate Officers - Oh My!
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.
If you want to know how business is really conducted in the U.S., pay attention to the Galleon Group, LLC case. A phalanx of lawyers, hedge funds, consultants, and corporate officers allegedly conspired to use insider information to earn illegal profits.
Galleon Group, LLC is a U.S. hedge fund founded by Raj Rajaratnam. Mr. Rajaratnam is a billionaire accused of illegal insider trading. He has plead not guilty. Why would a billionaire commit illegal insider trading? Maybe that is how he became a billionaire.
Several people have plead guilty to conspiracy and securities fraud. I will provide updates on the Galleon Group, LLC case as information becomes available. Here are some of the people who have plead guilty.
Mark Lenowitz, Q Capital Investment Partners, LP, Sentenced to 3 years probation.
Steven “Tuna” Fortuna, Hedge Fund Manager, Plead guilty to insider trading.
Roomy Khan, Former Intel employee, plead guilty on October 19, 2009.
Anil Kumar, Former McKinsey & Co. employee, plead guilty to conspiracy and securities fraud on January 7, 2010.
Richard C.B. Lee, hedge fund manager, plead guilty.
Brien Santarlas, Ropes & Gray, LLP law firm, plead guilty on December 10, 2009.
Gauthan Shankar, Schottenfeld Group, LLC hedge fund, plead guilty to insider trading charges.
David Slaine, Chelsey Capital hedge fund, plead guilty.
What does this mean to you? Know that lawyers, consultants, hedge funds, and corporate officers of publicly traded businesses will and do commit illegal insider trading. It is almost impossible to prosecute these people. When doing business in America, know that many in the financial community are trying to extract information from you so they can commit illegal insider trading. You have been warned. This is how business is now done in America.
Notice that Mr. Lenowitz only received three years probation. Those who commit illegal insider trading get light sentences. Lenient sentences ensure that financial professionals will continue to commit illegal insider trading. Congratulations to the U.S. justice system for perpetuating the financial rape of the American people.
If you want to know how business is really conducted in the U.S., pay attention to the Galleon Group, LLC case. A phalanx of lawyers, hedge funds, consultants, and corporate officers allegedly conspired to use insider information to earn illegal profits.
Galleon Group, LLC is a U.S. hedge fund founded by Raj Rajaratnam. Mr. Rajaratnam is a billionaire accused of illegal insider trading. He has plead not guilty. Why would a billionaire commit illegal insider trading? Maybe that is how he became a billionaire.
Several people have plead guilty to conspiracy and securities fraud. I will provide updates on the Galleon Group, LLC case as information becomes available. Here are some of the people who have plead guilty.
Mark Lenowitz, Q Capital Investment Partners, LP, Sentenced to 3 years probation.
Steven “Tuna” Fortuna, Hedge Fund Manager, Plead guilty to insider trading.
Roomy Khan, Former Intel employee, plead guilty on October 19, 2009.
Anil Kumar, Former McKinsey & Co. employee, plead guilty to conspiracy and securities fraud on January 7, 2010.
Richard C.B. Lee, hedge fund manager, plead guilty.
Brien Santarlas, Ropes & Gray, LLP law firm, plead guilty on December 10, 2009.
Gauthan Shankar, Schottenfeld Group, LLC hedge fund, plead guilty to insider trading charges.
David Slaine, Chelsey Capital hedge fund, plead guilty.
What does this mean to you? Know that lawyers, consultants, hedge funds, and corporate officers of publicly traded businesses will and do commit illegal insider trading. It is almost impossible to prosecute these people. When doing business in America, know that many in the financial community are trying to extract information from you so they can commit illegal insider trading. You have been warned. This is how business is now done in America.
Notice that Mr. Lenowitz only received three years probation. Those who commit illegal insider trading get light sentences. Lenient sentences ensure that financial professionals will continue to commit illegal insider trading. Congratulations to the U.S. justice system for perpetuating the financial rape of the American people.
Friday, January 22, 2010
How to Earn Millions in America
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 current, real-world events. Learn from the greatest American business institutions and people how to operate in the U.S.
Here is how you can earn hundreds of thousands and maybe even millions of dollars every year. The method employed by many financial professionals, hedge fund managers, and pension managers is insider trading. Insider trading is fun and lucrative. But isn’t insider trading illegal?
No. There are at least two types of insider trading. Corporate officers and board members that trade their own company’s stock are engaging in legal insider trading and are required to file a form with the SEC. The second type is insider trading is illegal. That is when someone with non-public information uses that information to generate stock profits.
The likelihood of getting caught is minimal. The probability of getting prosecuted is miniscule. Almost no one is given more than probation. That is why illegal insider trading is rampant in the U.S. Many U.S. financial professionals engage in illegal insider trading.
Here is a real world example. Anil Kumar, a former senior partner at McKinsey & Co., pleaded guilty to conspiracy and securities fraud on January 7, 2010. He earned $1.75 million by providing insider information to Galleon Group.
This is how business is done in America. McKinsey & Co. is a premier consulting company. A senior partner, Anil Kumar, engaged in illegal insider trading. If the best and brightest in the U.S. are engaged in illegal insider trading, you absolutely know that illegal insider trading is pervasive in the U.S.
What does this mean to you? Know that when you hire or work with an American firm the employees of that firm will try to get inside information to earn illegal stock profits. This is how business in done in America.
Here is how you can earn hundreds of thousands and maybe even millions of dollars every year. The method employed by many financial professionals, hedge fund managers, and pension managers is insider trading. Insider trading is fun and lucrative. But isn’t insider trading illegal?
No. There are at least two types of insider trading. Corporate officers and board members that trade their own company’s stock are engaging in legal insider trading and are required to file a form with the SEC. The second type is insider trading is illegal. That is when someone with non-public information uses that information to generate stock profits.
The likelihood of getting caught is minimal. The probability of getting prosecuted is miniscule. Almost no one is given more than probation. That is why illegal insider trading is rampant in the U.S. Many U.S. financial professionals engage in illegal insider trading.
Here is a real world example. Anil Kumar, a former senior partner at McKinsey & Co., pleaded guilty to conspiracy and securities fraud on January 7, 2010. He earned $1.75 million by providing insider information to Galleon Group.
This is how business is done in America. McKinsey & Co. is a premier consulting company. A senior partner, Anil Kumar, engaged in illegal insider trading. If the best and brightest in the U.S. are engaged in illegal insider trading, you absolutely know that illegal insider trading is pervasive in the U.S.
What does this mean to you? Know that when you hire or work with an American firm the employees of that firm will try to get inside information to earn illegal stock profits. This is how business in done in America.
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