An ex-Morgan Stanley employee has to give back the $31,067,356.76 the bank paid him

[Banjo]

A New York judge has ordered a former Morgan Stanley MS +0.63% fund manager to return $31 million to the bank, part of his punishment after pleading guilty to charges related to insider trading.

http://blogs.marketwatch.com/thetel...-give-back-the-31067356-76-the-bank-paid-him/

 

[Satan's Helper]

That judge is one cruel prick!

How the hell is this guy going to be able to afford to summer in the Hampton's?

Enough with the punishments already!

 

[traderslair]

But but but how can professional traders earn money when they don't have insider information?

 

[Satan's Helper]

That is a good question the must be answered.

 

[joederp]

Quote from traderslair:

But but but how can professional traders earn money when they don't have insider information?

They become politicians and have someone else do the trading on their account.

 

[Satan's Helper]

I hope you are not saying the world is corrupt and those in power would cheat?

I need to take a seat this is so overwhelming....

 

[drownpruf]

Skowron is two years into a five year prison sentence.

 

[Satan's Helper]

The problem is he was not working for a BIG and POWERFUL bank or fund so he deserves what he got.