{"id":190658,"date":"2009-11-05T16:58:00","date_gmt":"2009-11-05T21:58:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/11\/05\/the-galleon-insider-trading-scandal-spreads\/"},"modified":"2009-11-05T16:58:00","modified_gmt":"2009-11-05T21:58:00","slug":"the-galleon-insider-trading-scandal-spreads","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/11\/05\/the-galleon-insider-trading-scandal-spreads\/","title":{"rendered":"The Galleon Insider Trading Scandal Spreads"},"content":{"rendered":"<p>So now, we are seeing <a href=\"http:\/\/money.cnn.com\/2009\/11\/03\/news\/companies\/galleon_richard_grodin.fortune\/index.htm\">more prominent people tied into this<\/a>.<\/p>\n<p>This time it&#8217;s, &#8220;Richard Grodin, formerly of SAC, one of the country&#8217;s most well-respected and largest hedge funds.&#8221;<\/p>\n<p>What is going on here is that authorities used wire taps, a change in the area of securities fraud, and it looks like a double digit percentage of Wall Street was in it at some level.<\/p>\n<p>My guess is that this sort of behavior is in fact endemic to the street, and that this is the tip of the iceberg.<\/p>\n<p>My concern is that the wire taps might not be the part of a securities investigation, but instead were a result of a <a href=\"http:\/\/40yrs.blogspot.com\/2009\/10\/insider-trading-wiretap-may-be-result.html\">investigation of Raja Rajaratnam&#8217;s ties to the LTTE terrorists<\/a>.<\/p>\n<p>Considering the level of damage to our country done by the bankers, we should be going full PATRIOT act on them, because they make Osama bin Laden look like &#8220;My Little Pony&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>So now, we are seeing more prominent people tied into this. This time it&#8217;s, &#8220;Richard Grodin, formerly of SAC, one of the country&#8217;s most well-respected and largest hedge funds.&#8221; What is going on here is that authorities used wire taps, a change in the area of securities fraud, and it looks like a double digit &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,972,1076],"tags":[],"class_list":["post-190658","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-justice","category-terrorism"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190658"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=190658"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190658\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=190658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=190658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=190658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}