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7 charged in $61M single-stock insider trade case
Yahoo Finance ^ | 1/18/12 | Larry Neumeister

Posted on 01/18/2012 7:59:04 PM PST by Baynative

NEW YORK (AP) -- The nearly $62 million earned illegally through inside trading by two hedge fund executives, four financial analysts and a Dell Inc. employee represents "a stunning portrait of organized corruption on a broad scale" and was notable for exploiting the secrets of a single technology giant, a prosecutor said Wednesday in announcing charges in the case.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Crime/Corruption; Government; News/Current Events
KEYWORDS: crime; insider
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BUT WAIT - isn't this OK for Congress?
1 posted on 01/18/2012 7:59:13 PM PST by Baynative
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To: Baynative

Yep, It’s OK for Congress!

Well, OK for THIS congress. If we the sheeple wake up it won’t be for the next congress.


2 posted on 01/18/2012 8:02:01 PM PST by DBrow
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To: Baynative

Just what I was thinking. It’s either “organized corruption” or it’s okay - which is it?


3 posted on 01/18/2012 8:03:38 PM PST by Just A Reader
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To: Baynative

a drop in the bucket compared to what Corzine did


4 posted on 01/18/2012 8:04:10 PM PST by yldstrk ( My heroes have always been cowboys)
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To: DBrow

I’m awake, you’re awake. Now what?


5 posted on 01/18/2012 8:07:36 PM PST by Baynative (The penalty for not participating in politics is you will be governed by your inferiors.)
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To: Baynative

Hahahaha. Looks like we all have the same reaction. Look no further than Congress.


6 posted on 01/18/2012 8:08:18 PM PST by Parley Baer
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To: Baynative

We can’t very well not charge them, but anyone who doesn’t think they’re going to throw the whole kitchen sink at these guys is living in la-la land.

They’re going to be sacrificed in order to make a great show of juuuuust how AAAAAANGRY the administration is, in the face of insiiiiiider traaaaaading.

(sheep voice, there)

Oh sure, yeah, it really bugs ‘em.


7 posted on 01/18/2012 8:10:14 PM PST by gaijin
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To: Baynative

Spread the word, make others awake.


8 posted on 01/18/2012 8:10:38 PM PST by DBrow
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To: Baynative

Election time antics. Same with drug busts when election time nears.


9 posted on 01/18/2012 8:11:00 PM PST by RushIsMyTeddyBear (A MUST WATCH: http://www.youtube.com/watch?feature=player_embedded&v=KeOLurcQaqI)
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To: Baynative

Tell me they have given lots of money to President Obummer. If so they will get pardoned for a few million more in contributions.

Anybody do the homework to see if they have given to the Rat party?


10 posted on 01/18/2012 8:11:24 PM PST by ncfool (The new USSA - United Socialist States of AmeriKa. Welcome to Obummers world or Obamaville USSA.)
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To: Baynative

Okay for Congress, the bailees, and the other TARP beneficiaries. That’s not to say the alleged crimes in this article are acceptable.


11 posted on 01/18/2012 8:15:21 PM PST by Gene Eric (C'mon, Virginia -- are you with us or against us?!)
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To: yldstrk

Or Pelosi whose net worth rose 62% last year and during a recession. I can’t even get that kind of return on a $1dollar lotto scratch off ticket but magically she can do it in the stock market and in a few days


12 posted on 01/18/2012 8:22:50 PM PST by GrandJediMasterYoda (Illegal aliens do not belong in the USA. Deport Obama.)
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To: Baynative

HUGE MISTAKE stealing $61 million. Make it $610 million and you’re free as a bird.


13 posted on 01/18/2012 8:34:57 PM PST by Attention Surplus Disorder (The only economic certainty: When it all blows up, Krugman will say we didn't spend enough.)
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To: Baynative

So this surprises anyone? Politics and Wall Street sleep together, pimp together, and simply are mafia thugs in suits and ties. So do we do something about it now? and what?....There is no answer nor are these arrests going to change a thing. They’ll just put more effort into hiding the scams. But nothing is going to stop this.


14 posted on 01/18/2012 8:57:43 PM PST by caww
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To: Baynative

They don’t even bother with ‘alleged’ anymore. It’s just pure trial by media.


15 posted on 01/18/2012 8:59:38 PM PST by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives" - Ataturk)
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To: ncfool
One of the guys mentioned.

Presented by the Federal Election Commission



Individual Contributions Arranged By Type, Giver, Then Recipient


Contributions to Political Committees

CHIASSON, ANTHONY
GREENWICH, CT 06830

DODD, CHRISTOPHER J
VIA FRIENDS OF CHRIS DODD
02/12/2010 -1000.00 10020262740

CHIASSON, ANTHONY
GREENWICH, CT 06830
LEVEL GLOBAL INVESTORS, L.P./PRIN

MANAGED FUNDS ASSOCIATION POLITICAL ACTION COMMITTEE
05/03/2007 2500.00 27931017521

CHIASSON, ANTHONY
GREENWICH, CT 06830
LEVEL GLOBAL INVESTORS/HEDGE FUND

DODD, CHRISTOPHER J
VIA FRIENDS OF CHRIS DODD
09/08/2008 1000.00 28020563046

CHIASSON, ANTHONY
NEW YORK, NY 10019
LEVEL GLOBAL INVESTORS/PARTNER

CANTOR, ERIC
VIA CANTOR FOR CONGRESS
04/21/2010 2400.00 10930781812

CHIASSON, ANTHONY
NEW YORK, NY 10022
LEVEL GLOBAL INVESTORS/HEDGE FUND

FORWARD TOGETHER PAC
06/12/2006 1000.00 26940275034

CHIASSON, ANTHONY
NEW YORK, NY 10128
LEVEL GLOBAL INVEST/HEDGE FUND MA

EDWARDS, JOHN
VIA JOHN EDWARDS FOR PRESIDENT
02/28/2007 2100.00 27930587083

CHIASSON, ANTHONY MR.
GREENWICH, CT 06830
LEVEL GLOBAL INVESTORS/HEDGE FUND

DODD, CHRISTOPHER J
VIA CHRIS DODD FOR PRESIDENT INC
06/16/2007 1000.00 27990240245
06/30/2007 1000.00 27990240678
06/30/2007 1300.00 27990240678

CHIASSON, ANTHONY MR.
GREENWICH, CT 06830
LEVEL GLOBAL INVESTORS/PORTFOLIO

GIULIANI, RUDOLPH W
VIA RUDY GIULIANI PRESIDENTIAL COMMITTEE INC
10/31/2007 1500.00 28990204582

Total Contributions: 12800.00
16 posted on 01/18/2012 9:11:35 PM PST by FreedomPoster (Islam delenda est)
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To: Baynative

Utterly dwarfed by the GM, crime of the century.


17 posted on 01/18/2012 9:14:59 PM PST by EyeGuy (2012: When the Levee Breaks)
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To: ncfool

Jon Horvath - I find nothing.

Jesse Tortora - Nothing.

Spyridon (Sam) Adondakis - Nothing.


18 posted on 01/18/2012 9:17:09 PM PST by FreedomPoster (Islam delenda est)
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To: Baynative
Nice try girls, but when you bring Jon Corzine to justice and stop the TBTF banks from using customer deposits as margin for bank trading, then we'll applause.
19 posted on 01/18/2012 9:21:20 PM PST by MichaelCorleone
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To: DBrow

From your lips to Gods ears!


20 posted on 01/18/2012 9:52:01 PM PST by Dubya-M-DeesWent2SyriaStupid!
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