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Activity:
Question posted: 10 17 2009 02:35:54 +0000,
1 answers, 90 views, last activity
07 06 2010 20:18:08 +0000
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NEW YORK (AP) -- 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 the rest of the article @
http://finance.yahoo.com/news/Billionaire-among-6-nabbed-in-apf-2808194948.html?x=0
Is this a case of 'greed is not good'?or is it a case of 'all illegal activities that are done in the dark will come to light'?or is it both?
What's your take on this?
I feel its a matter of Greed.
There are lot of illegal activities which dont see the light of the day.Some are by chance exposed,some other by tip and few carry on.
There seems to be a difficulty in having a fool proof system due to the nature of business.
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Mr. Murthy, thanks for the invitation to participate in this debate. Firstly I must say that I am no longer making any significant contribution on this site but could not resist this topic. I do believe that everyone is entitled to his views/opinions.... |
Very nice article....the youths of today should read this. It so sad that children of today hardly take time to stop and think of how hard their parents work so they can have a good life. Thanks for posting. |