Raj Rajaratnam, Founder of $3 Billion Galleon Group Hedge Fund, Arrested

[MohdSalleh]

hard to believe he did this for 20 mill, there has to be more than meets the eye

 

[flytiger]

Quote from MohdSalleh:

hard to believe he did this for 20 mill, there has to be more than meets the eye

Give this man a cigar!!!

 

[Surdo]

Quote from hughb:

Back in 05 one of their traders made the "thirty under 30" list and it was discussed here on ET.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=53553&highlight=galleon

Gary Rosenbach made $300MM, he is 40 sumting.

 

[fkbsuhites]

What are you? a socialist?

This guy is innocent until proven guilty in a court of law.

He's a good capitalist. What do you think capitalism is?

Quote from Tide31:

Scum. He should be shot by firing squad. They would not bring this if they did not have the proof. Guilty. Can't believe Cramer came to his defense saying he believes he is innocent. Lost any credibility that might have been left. I personally have zero tolerance for cheaters. White collar nothing, I consider it to be the equivelant of being a crack dealer at an elementary school playground. He will get off way too light I'm sure.

 

[MandelbrotSet]

Quote from TraderZones:

Quote from MandelbrotSet:

When I made that "we are all just one degree of seperation" comment I was referring to the successful traders on the site.

could you point out semantically, which part of "Truth to tell, we are all just one degreee of seperation from these guys, and may very well find ourselves facing the same thing one day." refers to "only successful ET traders" ??

As if anyone here really has a clue which are the successful or not traders. Since you appear to lump yourself in "we", how about evidence of your success?

Which still goes back to my original point, that the quoted assertion is incorrect, that all people are one degree away from stealing the money of innocent people who trusted it to others .

LOL

You're an idiot.

You've never spoken to anyone (we're talking professional here, not the busboy at your local Red Lobster) about your trading, and in return, had them request tips/inside information from you?

If not, then I'm not including you in the list, if so, then I am including you in the list.

Pretty simple (even for you).

 

[MandelbrotSet]

Oh, now I understand what your problem is, TraderZones.

Seeing as how you're whining about your little $5k from Velocity Futures, there's no way you would have any experience with insider trading, LOLOL!

 

[MandelbrotSet]

Quote from TraderZones:

Quote from MandelbrotSet:

When I made that "we are all just one degree of seperation" comment I was referring to the successful traders on the site.

could you point out semantically, which part of "Truth to tell, we are all just one degreee of seperation from these guys, and may very well find ourselves facing the same thing one day." refers to "only successful ET traders" ??

As if anyone here really has a clue which are the successful or not traders. Since you appear to lump yourself in "we", how about evidence of your success?

Which still goes back to my original point, that the quoted assertion is incorrect, that all people are one degree away from stealing the money of innocent people who trusted it to others .

Oh, and by-the-way asshole, how much luck did you have selling your super-duper automated system for $250,000 on ET!#!! (while whining and complaining about getting $5k from Velocity Futures).


The answer: None at all.

 

[flytiger]

Quote from MohdSalleh:

hard to believe he did this for 20 mill, there has to be more than meets the eye

USA saying at least 10 more arrests. This has to be RICO.

 

[MandelbrotSet]

Here's a one-on-one with the Galleon Informant.

Man, she sure was a piece-of-work! :eek:

No Honor Among Thieves

 

[MandelbrotSet]

To add insult to injury, Raj Rajaratnam actually lost money (net-net) on his insider trading activities!!!

Oversized Betting Leads to Insider Trading Losses

The real bitch of it is that the prosecutor isn't going to include the losses in his case against RR, because the more illegal profit and trader makes, the longer the jail sentence. :eek:

Moral of the story: Just because it's insid information, doesn't mean that you're guaranteed a profit!