6 months in prison!
Pay attention kids. Crime doesn't pay! Do you think he'd risk six months in jail for a measly few millions if he had it all to do over again? Surely not!
The former senior IBM executive once considered a successor to chief Sam Palmisano and caught in an insider trading sting has pleaded guilty to two of the charges brought against him in court in New York. The insider trading scheme revolves around Raj Rajaratnam, the founder and managing director of Galleon Management, …
The information produced by the heir to the IBM Empire who sits on all these boards resulted in only a small fraction of what would be a normal day-to-day "game-the-market" low latency fraud, sorry trading.
This is quite sad actually... We all know that the stock markets no longer have any investment function, but having it confirmed right in our faces...
Which all goes to show that Justice in the US is a Monies Racket too, and makes their Worlds go round. It also shows the World what you Need to be Able to Control or Attack with Orders in Order to make a Chaotic Change and a Colossal Difference with Zero Deference Required.
"IBM Management ...should not get caught, that's against Business Conduct Guidelines!" ...
Anonymous Coward Posted Tuesday 30th March 2010 10:53 GMT
:-) Yes, QuITe so, AC. They lost their MoJo and their Systems are Hacked and Codes Cracked.
*And if that is not a Present Recognised and Accepted IBM Concern, you can be AAA Guaranteed Assured, it is a Future Promise already Delivered and Working ITs Magic in Treasury Gilt and Sovereign Wealth Markets, for No One Supports an Ignorant Loser and Arrogant Bruiser in SMART Sales and Enabling Tales/Derivatives and Options in Mutuals and Hedges. Cheers!
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