Comments on: Galleon’s edge Now raising intellectual capital Sun, 08 Nov 2015 08:31:30 +0000 hourly 1 By: f belz Mon, 19 Oct 2009 17:47:16 +0000 I am not pointing any fingers until this plays out. I would say that a hedge fund manager/owner better have some honest people and better know that he is responsible for all his people. Also the officers and board at IBM is responsible for what occured and must be willing to take the responsibility for their employees action. We complain about high corporate salaries. Now it is time for the high salaried people to start earning their money and root out their dishonest employees.

By: jjmk4546 Mon, 19 Oct 2009 02:23:14 +0000 I had worked in Hongkong as saleman way back in 1968 for
hedge fund of VERY VERY HIGH REPUTE; I’m NOT alleging or
accusing anyone of anything but my advice to investing public is to STAY AWAY FROM HEDGE FUNDS, CONTROL YOUR OWN

you can sell at click of button and buy/sell market exists before your eyes 24 hrs a day on computer screen,
your funds are 100% in your control;
in hedge funds the “manager” controls your destiny.

By: jj Sun, 18 Oct 2009 14:04:44 +0000 AKAM exec isnt charged yet because he is cooperating

By: Chase33 Sun, 18 Oct 2009 10:23:57 +0000 Why haven’t they arrested the executive from Akamai? They have the conversations recorded via wiretap of the executive saying “I’ve got a gift for you…information”. Yet the Akamai exec remains uncharged at this point. Can someone explain why that is?

By: The Bell Sun, 18 Oct 2009 01:18:52 +0000 It’s nice to see the FBI making surprise inroads into the ongoing juggernaut of white-collar crime, in spite of GW Bush’s unanaesthetized emasculation of that agency’s investigatory budget and resources in the circus-like aftermath of 911.

Hedge funds have defiantly resisted legal pruning for the longest time. They go smugly about their dirty business as though actually contributing anything to society instead of deliberately wrecking it for fun and profit. That’s all they’re good at and it’s what they do.

Ever since the glib libertine travesty of Reaganomics, predatory financing practices have taken stranglehold on the economy; net result being, that so-called free market economics has become an utterly meaningless ghost-ship theory of zero account – every bit as meaningless as trite comparisons between the decadently moribund Soviet Union and theoretical socialism.

In the end, unregulated hedge funds were always destined to meet to a squalid fate. Hopefully, this is exactly what will happen next because all along, it was only ever going to be them – or us.

By doing that at which selected administrations fail, namely their job, it will be a major milestone in history when the FBI single-handedly revives whatever little remains by way of credibility in the capitalist system.

Paulson, Bernanke, Geithner et al are too busy doing this ailing economic system of ours not one damn bit of good. At this point in time the FBI may be the only ones really trying. To quote Shakespeare: for this relief, much thanks.

By: TRUTH Sat, 17 Oct 2009 23:01:30 +0000 Raj Rajaratnam, billionaire founder of the Galleon Group, a major hedge fund, is led in handcuffs from FBI headquarters in New York Friday, Oct.16, 2009. Rajaratnam was charged with insider trading in the stock of several companies including Hilton, Clearwire, and Google.

The guy is “DARK SKIN” Obama is going to call the “FEDS” and make them and the “NEW YORK POLICE” to release this “guy?” and apologize for arresting him, because he is “DARK SKIN” be prepared working hard FEDERAL AGENTS, why bother doing the job when he could be out on the street, oh yeah he is out on 20 million bail that he stole.
By the way Obama’s life history looks suspicious but what do you expect he works for the Mafia and he is only in office for a ploy to get other countries to like us on false basis, plan didn’t work every one seen right through him.
Now Obama will screw up trying to stick up for his own kind and go off the Mafias track and it will be blamed against some one else.
The Mafias of the White house is so discrete that no one has any idea they exist, a lot of planning, that is what comes with good “organized crime” maybe one day one if our good Fed agents will have enough guts and reveal the truth.
Back to Obama, same as Bush he was not elected by the people but by the mafia of the white house, sure we have votes they are true in America they do exist but they don’t matter, the next 25 Presidents are all ready chosen.
Obama’s role was to get other countries to believe that we have changed and we accept other migrants to lead our country.
None fell for it after seeing the continuance deception that our government plays with us, our health, our money our freedom, our everything.
Every one san see what it is but no one has done anything about it.
I prepare my kids to be the next real President, leader to lead this country and to clean up all the messes that all others had made and take out the Mafia that has been there and turn this country around into what it was set out to be and meant to be and should be.
Call me racism what is that? a word? What does it mean? Nothing, it is a figure of speech a personal belief a freedom of speech a right of ones own, for what the word is meant to be and how they mean it is up to that person only.
Everyone has their rights of views and beliefs.
With the topic of minority of Black, they all have dome nothing but complain about years ago slavery when they were not even a part of it.
Sure it was wrong to do to any human being but the majority of black people use it as a weapon and it has nothing o do with them.
The only factor is they were taken from their land forced to be slaves, they are free now they can return back to their countries no one is keeping them here,
They choose to stay here but their roots are from Africa, they choose to stay to complain to keep trying to get whets coming to them, what is that? What do they seek? Revenge? then that to me is a war and they all should be deported it is a security risk that all native Americans would be and are in danger, that is s something to think about and the last stunt that Obama pulled in Boston is a clear example and proof.
What needs to be done?
the people of America need to get this country back to some formality of principals, dignity and honor.
I will sign my name by “TRUTH” only because I choose from past experience not to get harassed for exercising my freedom of speech but when my sons are the next president I will reveal all, until then…..

By: Charlie Sat, 17 Oct 2009 21:40:50 +0000 I have a link to the criminal complaint and other official documents from the US Attorneys against Raj Rajaratnam and a very brief write up on the technical charges against him on my blog here if anyone is interested: ionare-founder-of-galleon-group.html

Or click here to go directly to it.

By: Rob Sat, 17 Oct 2009 21:26:36 +0000 This is merely a dog & pony show for the public, the entire financial crisis was caused by insider trading, and the governments answer was to give the people that caused it billions of taxpayer dollars while America is bleeding jobs by the millions. What this country needs is a hard and deep enema of our congressional leaders to flush out all the garbage in Washington. Let’s face it the real criminals are above the law, and the people are helpless to do anything about the situation our elected leaders have put us in. History will remember us as there was once a great country called America.

By: Ken Houghton Sat, 17 Oct 2009 20:55:38 +0000 “In 2005, Galleon paid an $800,000 fine to the SEC…Regulators claimed that impermissible strategy called “collapsing the box” essentially was a risk-less one and generated $1 million in trading profits for Galleon.”

A 25% return even after getting caught. IOW, they made $40,000 ($200K*0.2) for the hedge fund net of the fine.

And since 2005, every other hedge fund manager has known about that opportunity. If we assume hedge fund managers are rational, then a null hypothesis of “to assume that all hedge fund managers owe their success to getting information on the sly is unfair and wrong” would have to be rejected.

By: Jakcson Sat, 17 Oct 2009 17:03:04 +0000 Wall Street is bullsh!t. Good hedge fund bosses are those who do not get caught running their little schemes that includes trading with full knowledge of insider information. Bad hedge fund bosses get caught with their guard down. It is not whether hedgies are privy to insider info. The maturity of a hedgie lies in how well they guard their information source and themselves. Without a regulation of the hedge fund industry whatever you say is just opinion – one among many.