3
POPSOne of America's Wealthiest Men Charged With Insider Trading Raj Rajaratnam will appear in court later on today (Friday). Raj Rajaratnam will face both civil and criminal charges. He will face hefty fines and most likely jail time. Raj Rajaratnam Charged With Insider Trading Read more at: http://www.huffingtonpost.com/2009/10/16/raj-rajaratnam-charged-wi_n_323879.html NEW YORK " One of America's wealthiest men was among six hedge fund managers and corporate executives arrested Friday in a hedge fund insider trading case that authorities say generated more than $25 million in illegal profits and was a wake-up call for Wall Street. Raj Rajaratnam, a portfolio manager for Galleon Group, a hedge fund with up to $7 billion in assets under management, was accused of conspiring with others to use insider information to trade securities in several publicly traded companies, including Google Inc. Read more at: http://www.huffingtonpost.com/2009/10/16/raj-rajaratnam-charged-wi_n_323879.html
0
POPSDanielle Chiesi: New Castle Partners, Photo Danielle Chiesi: A second criminal complaint accused three other people Danielle Chiesi, Mark Kurland and Robert Moffat of insider trading crimes and earning millions of dollars in illegal profits. It shows that we are targeting white-collar ... Tags: danielle chiesi, new castle partners, danielle chiesi photo, danielle chiesi new castle, new castle hedge fund, bob moffat insider trading
1
POPS 6 Arrested in Inside Trade Case Robert Khuzami, director of enforcement at the Securities and Exchange Commission, said the charges show Rajaratnam's "secret of success was not genius trading strategies." "He is not the master of the universe. He is a master of the Rolodex," Khuzami said. Rajaratnam, 52, was ranked No. 559 by Forbes magazine this year among the world's wealthiest billionaires, with a $1.3 billion net worth. Also charged in the scheme are Rajiv Goel, 51, of Los Altos, California, a director of strategic investments at Intel Capital, the investment arm of Intel Corp., Anil Kumar, 51, of Santa Clara, California, a director at McKinsey & Co. Inc., a global management consulting firm, and Robert Moffat, 53, of Ridgefield, Connecticut, senior vice president and group executive at International Business Machines Corp.'s Systems and Technology Group. The others charged in the case were identified as Danielle Chiesi, 43, and Mark Kurland, 60, both of New York City.
0
POPSGalleon Hedge Fund | Group, Insider Trading Galleon hedge fund, galleon group, galleon, raj rajaratnam, galleon insider trading, gallion. Galleon Hedge Fund: Raj Rajaratnam, the founder of the Galleon Group, a big New York hedge fund, was charged on Friday with insider trading in the stocks of several companies, including Advanced Micro Devices, Clearwire and Akamai, earning about $20 ...
0
POPSSmart Highly educated girl from Islamabad Hot Pictures
Isma Bakhtiar is a smart highly educated girl from Islamabad. She completed her masters from London School of Economics. Isma says she was born in Faisalabad, studied in Lahore and London, settled in Islamabad and doing job in Karachi! WOW! What a mix! Isma Bakhtiar is a Hedge Funds Manager in a reputable financial institution. She manages Hedge Funds and keep them liquid. A hedge fund is an investment fund open to a limited range of investors that is permitted by regulators to undertake a wider range of investment and trading activities than other investment funds and pays a performance fee to its investment manager. Each fund has its own strategy which determines the type of investments and the methods of investment it undertakes. Hedge funds, as a class, invest in a broad range of investments including shares, debt and commodities. Hedge funds are typically open only to a limited range of professional or wealthy investors. This provides them with an exemption in many jurisdi
0
POPSRicks Pick’s: A Good One For The Average Silver Coin Investor We just finished reviewing Rick Ackerman’s Free Email Newsletter . And we think it’s worth a sign-up. Bear in mind that this is written for a range of readers, including swing and day-traders, market-makers, long-term investors, hedge fund managers, “upstairs” traders and floor pros, as well as laymen who simply enjoy the editor’s acerbic humor. We like it because it is unconventional.
2
POPSThe Next Culture War "During this period, debt exploded. In 1960, Americans’ personal debt amounted to about 55 percent of national income. Our current cultural politics are organized by the obsolete culture war, which has put liberals on one side and conservatives on the other. But the slide in economic morality afflicted Red and Blue America equally. If there is to be a movement to restore economic values, it will have to cut across the current taxonomies. Its goal will be to make the U.S. again a producer economy, not a consumer economy."
5
POPSDark Clouds Over The Economy, Courtesy of Smug, Harvard-"Educated" Liberals! Political Correctness : For years, Harvard depended on an aggressively managed investment fund guided by brilliant people. But then, the University assisted by the mainstream press went all PC on them, accusing them of the heinous crimes of being too successful and making too much money. By 2005, Jack Meyer had had enough. After 15 years at Harvard Management Company, frustrated by the circular fights about compensation, and sick of justifying himself to Summers and Rubin, he walked out and started his own giant hedge fund. Shamelessly, he took many of Harvard Management Company’s best people with him, about 30 portfolio managers and traders, along with the chief risk officer, chief operating officer, and chief technology officer. How well did the strategy of punishing the successful work? Not so well, it turned out. First, a directionless, caretaker regime lost half a billion dollars in a trendy hedge fund.
8
POPSObama's theft... What is this man doing? Will he & Congress completely bankrupt our Country and destroy all of our futures?
0
POPSSpecial Interest Democracy capitalism may not be the last word; democracy may not be the last word; things change--they've been ok for a while, but it's silly to think that there may not be something else around the corner
5
POPSThug Congress you will think as we want you to think or you will be punished. Sort of like Stalin and Mao, but with Americans.
1
POPSour loss is black rock's gain more at source- you may wanna check out..... it did go on to say.....Confused? you're supposed to be- that's the point of a successful hedge fund, a totally unregulated activity in which very rich people pool theeir $ in order to more effectively rip off the rest of us- and black rock is at the top of that game- managing $1.3 trillion in assets...... yadayada..now if that doesn't make ya want to follow the link here- not sure what would....
4
POPS Chrysler Bond Holders Surrender "We're still opposing this and not signing the consents, but the active fight has been more challenging," Geoffrey Gwin, principal of the Group G Capital Partners LLC, told the AP . "Everybody's going along with it."
3
POPS Magna Cum Lousy Final Grade : C ~ Our list of the fancy colleges that trained the architects of today's economic crisis.
4
POPSObama’s Auto Policy: All In The Democratic Family through the end of 2006 to lobby Congress, the White House, and the Department of Labor on a handful of bills regarding asbestos litigation and compensation. What was Quadrangle’s stake in asbestos legislation? Many hedge funds invested in ompanies damaged by asbestos lawsuits. These funds then lobbied for legislation that would alleviate some of the liability the companies faced, thus boosting companies’ stock value. Alternatively, a hedge fund could make the opposite play: Watch a vulnerable company’s stock rise as prospects improve for asbestos legislation, then short the company and lobby to kill the bill. So Rattner understands how public policy can create private profits. It should come as no surprise, then, that his auto plan involves upending bankruptcy law and precedent in favor of a system in which the winners and losers are chosen by politicians or their appointed “czars.”
3
POPSChrysler Bankruptcy Hardball: The Shape Of Things To Come That's a political payoff pure and simple. The senior secured creditors (many of which represent retirement funds and savings plans) said no. The Obama administration then deployed the brass knuckles. As one blogger notes, Car Czar Rattner got downright Nixonian about the resistance to The One: Confronting the head of a non-TARP fund holding Chrysler debt and unwilling to release it for any sum less than that to which it was legally entitled without compelling cause, this country's "Car Czar" berated the manager of said fund with an outburst of prose substantially resembling this: Who the f*ck do you think you're dealing with? We'll have the IRS audit your fund. Every one of your employees. Your investors. Then we will have the Securities and Exchange Commission rip through your books looking for anything and everything and nothing we find to destroy you with.
0
POPSTaxes up, Bankers Bail on London "High earners" face a 50% income tax next year in the U.K., and many bankers say it's the last straw. Many are planning to leave a badly beaten London financial market.
3
POPSHang 'Em High!' The author is concerned that Obama will offer the pirates a bailout in the form of a ransom/tribute.
6
POPSThese Hypocrites Oughta Make You Puke! Corruption,Lobbying, conflict of interest! Here's MORE: Carol Browner, assistant to the president for energy and climate change, disclosed earnings of between $1 million and $5 million from lobbying firm Downey McGrath Group, Inc., where her husband, Thomas Downey, is a principal. She states $450,000 in "member distribution" income, plus retirement and other benefits from The Albright Group, a lobbying firm whose principals include former Secretary of State Madeline Albright.
2
Pops
Newest Clips
Latest Comments
Most Pops
Print
Save
Turn on live update