This is a nothing story. He has no fund, no investors; he's just talking with his buddies.
Wake me up when he's been managing a few billion for a few years and has a track record.
He's Back! Jon Corzine Considers Launching Hedge Fund
- Thread starter JamesL
- Start date
This is a nothing story. He has no fund, no investors; he's just talking with his buddies.
Wake me up when he's been managing a few billion for a few years and has a track record.
Just give his ol' buddy Eric Holder and his law firm enough time...
At least his good buddy Rajat won't be seeing the light of the day for a while...
Supreme Count Declines To Hear Gupta Appeal
Apr 20 2015 | 10:54am ET
The U.S. Supreme Court will not hear former Goldman Sachs director Rajat Gupta’s appeal of his 2012 insider-trading conviction.
There was no comment from the court in the decision. Gupta’s appeal alleged the trial court had failed to admit evidence of his good character and a lack of motive to commit the offense.
Gupta was convicted of three counts of securities fraud and one count of conspiracy to pass inside information. Galleon Group founder Raj Rajaratnam is serving an 11-year sentence for his role in the scandal.
In 2014, a federal appeals court upheld Gupta’s conviction. His petition to the Supreme Court was his last option to have his case reviewed.
In 1998 Jon Corzine under the guise of help got access to LTCM's books and Goldman's proprietary desks around the globe pounded LTCM's positions given the inside information. Now almost two decades later Corzine wants to start a hedge fund and only has $150 million AUM, obviously Wall Street did not forget his back-stab. The other player not to play ball was Jimmy Cayne....
The great thing about his new hedge fund is that you don't even need to transfer or wire money if you want to invest. It just evaporates out of your bank account!
#FreeCorzine
