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Raj Guilty, Faces 15.5-19.5 Years In Jail

Tyler Durden's picture




 

Justice, this time, is served. Raj found guilty on all charges. Next up: up to 20 years in federal pound me in the ass penitentiary (20 years on each of 9 counts, and 5 years on the remaining 5 so a total of 205 years possible). But that's ok, Raj Raj certainly frontran that verdict and is most likely prepared as necessary.

Here is the official guideline: U.S. SAYS RAJARATNAM FACES 15 1/2 YEAR TO 19 1/2 YEAR-TERM.

 

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Wed, 05/11/2011 - 10:48 | 1262979 FOC 1183
FOC 1183's picture

he was guilty back when he worked for Needham in the 90's

Wed, 05/11/2011 - 11:02 | 1263114 Doode
Doode's picture

Obama got Osama and Rajarama!

Wed, 05/11/2011 - 11:16 | 1263187 NOTW777
NOTW777's picture

cnbc arguing this will instill average investor confidence because wrongdoing is punished - funny stuff SNL

Wed, 05/11/2011 - 13:10 | 1263836 riley martini
riley martini's picture

 The same with Bloomturd they are proclaiming the end of corruption. It would be funny but the joke is on the American people.

Wed, 05/11/2011 - 14:45 | 1264305 Kopfjager
Kopfjager's picture

He'll do fine in prison.  Imagine how many cigarettes he can get by offering fractional ownership of his back tits.

Wed, 05/11/2011 - 13:11 | 1263861 goldfreak
goldfreak's picture

why do people even tune to CNBC?

Wed, 05/11/2011 - 14:37 | 1264273 Freddie
Freddie's picture

All of TV is like that.  They all love Mugabe/Hugo Chavez.

Wed, 05/11/2011 - 11:15 | 1263197 string
string's picture

oh mama!

Wed, 05/11/2011 - 11:26 | 1263237 Buckaroo Banzai
Buckaroo Banzai's picture

Let's make a scapegoat of the fat Indian guy so everyone will forget about really BIG criminals on Wall Street and inside the Beltway.

Wed, 05/11/2011 - 11:26 | 1263246 Josh Randall
Josh Randall's picture

++1 exactly, our govt. actions say: "lets get the Brown people first!" -- pathetic, but if he is guilty, adios muchacho

Wed, 05/11/2011 - 11:32 | 1263284 falak pema
falak pema's picture

well he has body reserves that should help. Maybe he'll get 16 years and come out after 8 for loyal service to fellow inmates. Having paid his due to the prison guard and legal eagles in gold, obviously. Nobody should be left out within the state legal system, judges, police officials and inmates all grouped as one big family who love Sri Lankan meat ball curry.

Wed, 05/11/2011 - 11:42 | 1263286 Don Birnam
Don Birnam's picture

"Welcome to the Inside, Raj. Hey -- the Welcoming Committee on C-Block strongly recommends a six-month supply of soap-on-a-rope for all you bashful newbies, and to make new friends, maybe a few cartons of Marlboro Reds. No cash or Quotrons in this place, dude. Just a rec room and a lot of friendly faces. Welcome to our world."

http://prisonphotography.files.wordpress.com/2009/09/4convicts.jpg?w=475...

Wed, 05/11/2011 - 12:34 | 1263591 Tinfoil Hat
Tinfoil Hat's picture

It's funny you think he will go into a max security slammer where the peasants are kept..

 

http://www.forbes.com/2006/04/17/best-prisons-federal_cx_lr_06slate_0418...

 

White collar executive prison, pay a little extra and get the private flat screen and cable in your room.  "Hard time" = 3 star chef instead of 5.

Wed, 05/11/2011 - 14:38 | 1264281 Freddie
Freddie's picture

LOL!  Raj may end up getting a Bloomberg terminal and a PC for entering his orders in white collar prison. 

Wed, 05/11/2011 - 13:01 | 1263788 DaveyJones
DaveyJones's picture

dark and heavy, just  like our obligations

Wed, 05/11/2011 - 13:53 | 1264042 Hexus
Hexus's picture

They're ALL guilty, 20 years is too much anyway. We bail out the big theives and do this to the smallfry who are just following their lead, it's disgusting.

Wed, 05/11/2011 - 13:15 | 1263886 riley martini
riley martini's picture

 When fraud and theft is the normal course of business what else would explain Raj being selected for prosecution . Some of the crooks have blackmail files on the POTUS ,Congress and Senate.

Wed, 05/11/2011 - 17:57 | 1265386 Papasmurf
Papasmurf's picture

They have hidden camera video tapes of senators with child prostitutes from the eighties when these pediphiles flew young boys and girls to town for their abuse.   Those tapes keep these senators in line.

http://www.voxfux.com/features/bush_child_sex_coverup/article_archive.ht...

Wed, 05/11/2011 - 14:29 | 1264247 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Yeah, really, let's see some well-connected white guys doing a perp walk and I'll be swayed.

Wed, 05/11/2011 - 12:11 | 1263452 Doode
Doode's picture

The guy clearly did not need the money as he had already over 2 billion. So I would be happy if he does more than 5 and less than 10 in total for his cowboy attitudes towards the law.

Wed, 05/11/2011 - 11:09 | 1263139 tickhound
tickhound's picture

gets 15 years, reduced to 10 just cuz... another 3 for good behavior, insider blowjobs to "friends of the court" reduces to 5... serves 3 years 2 years probation.  End arounds any bans, back on WalStreet eventually replacing Pisani as CNBC's "insider" man on the street.

Retires from network television, becomes government contractor for FBI / SEC specializing in fraud detection...

A&E Biography on Raj Raj aires 20??

 

Wed, 05/11/2011 - 11:11 | 1263170 Putty
Putty's picture

They granted him 100 million bail, he needs to post 20 million or about 1% of his net worth.  

And he's gone.  He's gone, he's all gone.

Wed, 05/11/2011 - 11:16 | 1263185 Dr. Impossible
Dr. Impossible's picture

now we know where BO will get a good portion of his billion in reelection funding

Wed, 05/11/2011 - 11:17 | 1263209 NOTW777
NOTW777's picture

holder can pardon him last day of BO admin ala clinton/rich

donation to the obama chicago library

Wed, 05/11/2011 - 11:20 | 1263212 FEDbuster
FEDbuster's picture

He is gone like Marc Rich, and will buy a Presidential pardon (like Rich) when there is a lame duck President. 

Wed, 05/11/2011 - 11:23 | 1263228 Sophist Economicus
Sophist Economicus's picture

+19.5

Wed, 05/11/2011 - 10:48 | 1262980 ZeroPower
ZeroPower's picture

Good.

Wed, 05/11/2011 - 10:51 | 1262984 Alcoholic Nativ...
Alcoholic Native American's picture

Who?

Anyway, check out this article

http://www.nytimes.com/2011/05/11/world/asia/binladen-statement.html?_r=1

Osama's family is calling bullshit on the whole Obama killed Osama hoax.

"I Omar Ossama Binladin and my brothers the lawful children and heirs of the Ossama Binladin (OBL) have noted wide coverage of the news of the death of our father, but we are not convinced on the available evidence in the absence of dead body, photographs, and video evidence that our natural father is dead."

Wed, 05/11/2011 - 10:49 | 1262986 earlthepearl
earlthepearl's picture

I want my...

baby back

baby back

baby back....

ribs

That is one fat fucker

Wed, 05/11/2011 - 11:57 | 1263380 Alex Kintner
Alex Kintner's picture

Definitely lives life in the Fat Lane. Kinda ugly too so that's strike two.

Wed, 05/11/2011 - 10:52 | 1262992 firstdivision
firstdivision's picture

Was there even really a question?  Oh wait I forgot, he was of the privileged class.  In reality he was just used as a fall guy.  Much like in Syriana, where the DOJ wants someone in order to let a deal go through.

Wed, 05/11/2011 - 11:18 | 1263199 SRV - ES339
SRV - ES339's picture

Yes, it was one evil (visible minority) crook in a sea of honest, white, hard working pillars of society. All clear in the Wall Street casino now that the dirt has been surgically removed from the system... buy, buy, buy!

Wed, 05/11/2011 - 10:52 | 1262993 KillTheFed
KillTheFed's picture

Big deal. The real insiders (like the shareholders of the Federal Reserve) are above the law.  They fleeced America for trillions but we need to show the 'common man' that you can't get away with gaming the system.  Thus, as we all knew, the sacrificial lamb was convicted.

Wed, 05/11/2011 - 10:59 | 1263065 Slim
Slim's picture

No kidding - every one of these guys got their start on bank prop and product desks which remain the dirtiest and most conflicted players in the game.  How about we focus our attention inside the banks and make sure we have a culture of honesty and integrity in place.  Of course that would just be too logical even though tax payers have certainly earned the right.

Wed, 05/11/2011 - 11:00 | 1263075 Bubbles the cat (not verified)
Bubbles the cat's picture

Yep. Find a scapegoat. Make a public example of them (plenty of fanfare). Now.....where were we? Ah yes....business as usual.

Wed, 05/11/2011 - 11:08 | 1263156 IMA5U
IMA5U's picture

it certainly helped he was fat ugly and brown (but not black)

Wed, 05/11/2011 - 12:33 | 1263614 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

Lets not rule out al-Sharpton from showing up just because he's not black.  The other similarities (fat, brown, no morals) may be enough to make a spectacle of this yet.

Fri, 05/13/2011 - 09:02 | 1271252 FrankDrakman
FrankDrakman's picture

Who flagged this junk? It's quite amusing.

Wed, 05/11/2011 - 10:49 | 1262994 IMA5U
IMA5U's picture

They are serving Sri Lankan Pig 4 dinner in Cell Block D

Wed, 05/11/2011 - 10:54 | 1263045 Ahmeexnal
Ahmeexnal's picture

Halal cuisine in jail?

Well, by the time he get's out he'll be Mr. Olympia.

Cable TV, Gym, free Halal cuisine....are you sure he's being punished???

Wed, 05/11/2011 - 10:50 | 1263003 luk427
luk427's picture

I will be impressed when they go after the big fish.

Wed, 05/11/2011 - 10:55 | 1263024 nmewn
nmewn's picture

+1

Wed, 05/11/2011 - 10:57 | 1263072 Holodomor2012
Holodomor2012's picture

gefilte fish!

Wed, 05/11/2011 - 11:02 | 1263094 FreeMoney Bernie
FreeMoney Bernie's picture

this was an easy prosecution easy conviction. Non white foreigner. When will they get the power broker big white guys??????

Wed, 05/11/2011 - 11:05 | 1263119 GolfHatesMe
GolfHatesMe's picture

We're going to need a bigger boat

Wed, 05/11/2011 - 11:09 | 1263140 dick cheneys ghost
dick cheneys ghost's picture

Call me when lloyd, ben and timmy and the gang are in gitmo......then I will rejoin society.

Wed, 05/11/2011 - 11:28 | 1263247 ES_BoT
ES_BoT's picture

Are you kidding me? Raj ran one of the largest hedge funds in the world. He was #236 Forbes networth invidiuals ($1.3BB). Very few people were as Wall St connected. This was an impressive verdict considering it was the largest insider trading case in US history. Prosecution using mob collusion methodology will hopefully pave way for further prosecution of other large fish. Corrupt individuals on the street will be furthur intimidated having just seen a top player go down with 100% guilty count.

Wake up. Seriously.

 

 

Wed, 05/11/2011 - 12:39 | 1263642 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

it won't pave the way for anything.  If he is so well connected why didn't he plea himself down to 1 count of running a stoplight to roll on the others?

Because either a) he sticks to a very strict code or b) The large fish run the show and know they wont be prosecuted.

New York doesn't eat its own.

Wed, 05/11/2011 - 11:02 | 1263006 Cvillian
Cvillian's picture

Does anyone really believe our markets are going to function better because of this?

 

Get real.

Wed, 05/11/2011 - 10:51 | 1263007 El Hosel
El Hosel's picture

  Goldman Sachs had one losing trading day last Quarter... Is market rigging going to be criminalized too?

Wed, 05/11/2011 - 10:56 | 1263029 Crisismode
Crisismode's picture

Was that the day the Bernank was home with the flu?

Wed, 05/11/2011 - 10:59 | 1263084 ivana
ivana's picture

Not really. GS will just send the whole trading team that worked that day on "insider training" course to FED. FED will pay for additional training this time. Next mistake will be on account of lazy traders

Wed, 05/11/2011 - 11:02 | 1263095 Ura Bonehead
Ura Bonehead's picture

Of course not.  It's still fully legal to manipulate pricing.  In fact, regulators (e.g., uptick rule) and exchanges (e.g., co-location) have bent-over backwards to faciliate it.  You just can't, apparently, use insider information to do it.

Wed, 05/11/2011 - 10:51 | 1263009 Cdad
Cdad's picture

You'd think trading on Wall Street is going to be a lot harder now for the criminal set, as using their phones is going to be a sudden no no.

Wed, 05/11/2011 - 10:51 | 1263011 johngaltfla
johngaltfla's picture

Someone is getting some chub soon....Rikers? (we can hope)

Wed, 05/11/2011 - 10:51 | 1263012 TheBadgersSett
TheBadgersSett's picture

A (rather chunky) pound of flesh to appease the common folk.

Wed, 05/11/2011 - 10:54 | 1263014 SuperRay
SuperRay's picture

can we opt for a guillotine? maybe put his head on a stick and put it next to the bull in the financial district?

Wed, 05/11/2011 - 11:01 | 1263080 Long-John-Silver
Long-John-Silver's picture

Stick his head on one of the bulls horns and a vacancy sign on the other.

Wed, 05/11/2011 - 10:51 | 1263015 GolfHatesMe
GolfHatesMe's picture

Not enough carpet to sweep this dude under. 

Good morning Mr Madoff

Wed, 05/11/2011 - 10:51 | 1263016 Franken_Stein
Franken_Stein's picture

 

Rule No. 1:

 

If you want to commit a crime, do it when you are old already.

 

Why ?

 

1. The amount of time spent in prison will be short before you die of natural causes.

2. No worries about lack of food, drink, shelter.

3. No one wants to fuck an old geezer in the ass.

 

 

Wed, 05/11/2011 - 11:14 | 1263172 falak pema
falak pema's picture

except an older geezer...If they put him next to Mad of...u never kno!

Wed, 05/11/2011 - 10:51 | 1263017 Chuck Bone
Chuck Bone's picture

Mexican GDP was 874.81 billion in 2009 according to Google. Wachovia laundered close to 400 billion for drug lords in a year.

Wake me up when the real evil ends up in prison.

Wed, 05/11/2011 - 11:39 | 1263295 Rick64
Rick64's picture

Miami-based American Express Bank International paid fines in both 1994 and 2007 after admitting it had failed to spot and report drug dealers laundering money through its accounts.

  Federal agents caught people who work for Mexican cartels depositing illicit funds in Bank of America accounts in Atlanta, Chicago and Brownsville, Texas, from 2002 to 2009.

 Wells Fargo has payed 160M in fines and penalties,  if they keep their pledge to anti-laundering procedures prosecuters will drop all charges.   Bloomberg

 This has been going on for decades.

Wed, 05/11/2011 - 13:54 | 1264046 AlaricBalth
AlaricBalth's picture

JP Morgan Chase, Citibank and Bank of America each turn a blind eye to their relationships with offshore correspondent banks. These correspondent banks, of which many do not even have a physical address, just a PO box, provide a clean gateway to money laundering activities. The large U.S. banks generate enormous fees from these activities and top management actually encourages these types of banking relationships. 

Wed, 05/11/2011 - 10:54 | 1263020 I am Jobe
I am Jobe's picture

Did the SEC fi-nally quit watching PORN and work for a change?

Wed, 05/11/2011 - 10:55 | 1263021 Blue_Balls
Blue_Balls's picture

With a booty like that, this guy will be da belle of da ball

Wed, 05/11/2011 - 10:52 | 1263023 smlbizman
smlbizman's picture

here, have a bone sheep....were on it, you can trust our system, martha, raj , silver, .....

Wed, 05/11/2011 - 10:52 | 1263025 lizzy36
lizzy36's picture

Paper Shredders and depends just went limit up.

Wed, 05/11/2011 - 11:18 | 1263196 Cognitive Dissonance
Cognitive Dissonance's picture

Or limp down.

Wed, 05/11/2011 - 10:53 | 1263030 carbonmutant
carbonmutant's picture

 Will this set a standard?

Wed, 05/11/2011 - 10:53 | 1263031 Cognitive Dissonance
Cognitive Dissonance's picture

Raj to Madoff: "Can I be on top this time"?

And they aren't discussing bunk beds.

Wed, 05/11/2011 - 10:53 | 1263033 digalert
digalert's picture

The main street party just started. Who's next?

Wed, 05/11/2011 - 10:53 | 1263034 Alcoholic Nativ...
Alcoholic Native American's picture

Who is this guy?  I really don't recognize him at all, Tyler you mind filling in some of the details?

Wed, 05/11/2011 - 10:56 | 1263037 AldoHux_IV
AldoHux_IV's picture

Why don't they send Goldman, JPM, BAC, Deutsche Bank, etc there too?

Wed, 05/11/2011 - 10:54 | 1263041 chunkylover42
chunkylover42's picture

that's like a year per pound.

seeya, fatty.  don't drop the soap.

Wed, 05/11/2011 - 10:57 | 1263044 johngaltfla
johngaltfla's picture

Brings new meaning to the term "fat F**K"....

Wed, 05/11/2011 - 10:57 | 1263046 Sqworl
Sqworl's picture

Madoff said to be delighted to have a new mate!!!

 

Wed, 05/11/2011 - 15:19 | 1264344 Occams Aftershave
Occams Aftershave's picture

Comparing Madoff's crime to Raj's crime is like comparing first degree murder to a parking ticket.    Raj was faithful to one group of constituents:  his investors.  He made money for them.    Madoff screwed everybody:  investors, family, everybody.

Investor dollar amounts lost? Raj: $0.    Madoff  $50b.   

Sloppy thinking to attempt to equate these two.

 

Wed, 05/11/2011 - 10:57 | 1263048 Watts_D_Matter
Watts_D_Matter's picture

Now he will be getting "insider banging"

Wed, 05/11/2011 - 10:54 | 1263050 treemagnet
treemagnet's picture

Make an example of him for his thieving cohorts.  Nothing terrifies the elites more than prison - real prison.

Wed, 05/11/2011 - 10:57 | 1263067 Extremist Tan
Extremist Tan's picture

Very true.  Even the Fed country clubs are hard on these guys.  Example:  R. Allen Stanford.  Look for more of this as the SEC delegates enforcement of investment advisors with less than $100 mm AUM to the states in unfunded mandates that the states can ill afford.

Wed, 05/11/2011 - 11:20 | 1263213 cxl9
cxl9's picture

If the Feds delegate enforcement to the states, then presumably the guilty will end up in state - not Federal - facilities. And funding won't be so much of an issue, since the enforcement will be self-funding (like traffic enforcement!). And Stanford is not in a "Fed country club". He's in a Federal Detention Center (FDC) which is basically a jail. A typical schedule might be sitting in a cell 23 hours/day. It's quite different from a Federal prison, which would be considerably less unpleasant. (I've happened to be in both). I do agree that either one might be a deterrent, although interestingly the prisons are full of people who were not deterred from committing a crime by threat of prison. Maybe something about risk/reward.

Wed, 05/11/2011 - 10:57 | 1263051 johngaltfla
johngaltfla's picture

On the positive side, Madoff now has a regular lover.

Wed, 05/11/2011 - 10:55 | 1263055 Extremist Tan
Extremist Tan's picture

Insider-trading convictions have symbolic power to let the world know that we care, at least sometimes, about punishing those who cheat.  

Wed, 05/11/2011 - 10:58 | 1263056 doomandbloom
doomandbloom's picture

he will get lesser if he discloses all the names...no?

Wed, 05/11/2011 - 10:58 | 1263057 SloMoe
SloMoe's picture
Fines??? Clawbacks???

Pull his passport, like now....

Wed, 05/11/2011 - 10:56 | 1263059 TruthInSunshine
TruthInSunshine's picture

Wake me up when -

Blankfein

Dimon

Cohen

The Blackrock boyzz

- and all their subordinates...aka The Obama Re-Election Committee

 

have their wiretapped conversations released and are charged and convicted.

 

zzzzZZZZzzzz

Wed, 05/11/2011 - 10:58 | 1263076 Franken_Stein
Franken_Stein's picture

Roger that.

Wed, 05/11/2011 - 10:56 | 1263061 I am a Man I am...
I am a Man I am Forty's picture

the population of connecticut and new york just decreased, cayman islands and bahamas just increased, private jet fuel just skyrocketed

Wed, 05/11/2011 - 10:59 | 1263068 scatterbrains
scatterbrains's picture

He'll make a for a nice cell bitch.. can be trained to wash clothes in a bucket, iron and make bunks and cook with a stinger. That soft voice should bring in some good ciggerette money for some jailhouse pimp waiting on him on the inside. On the other hand protection wont be cheap for him.

Wed, 05/11/2011 - 10:57 | 1263069 doomandbloom
doomandbloom's picture

Obama will scream from the roof tops that injustice has been punished...

 

Wed, 05/11/2011 - 11:01 | 1263074 Cdad
Cdad's picture

Next up, let's have a little investigation on high frequency trading firms that post zero trading day losses per quarter.

Oh oh...and magic momentum stocks that move up without any transactions whatever.  Been seeing that lately, too.

Wed, 05/11/2011 - 11:08 | 1263153 I am a Man I am...
I am a Man I am Forty's picture

need to get rid of market makers, they are not needed

Wed, 05/11/2011 - 10:58 | 1263077 Putty
Putty's picture

Sad thing is that five years ago he might have gotten a slap on the wrist, maybe a little prison time and a fine.  Juries, especially juries of angry underemployed people are enacting payback for banksta excess..

Yes, I think he's guilty and deserves a lot of prison time.

Wed, 05/11/2011 - 11:00 | 1263078 Pretorian
Pretorian's picture

If he goes 25 in Federal prison what would be the sentence for Blankfield Goldman or other exec.!!! Bring the big fish on the grill.

Wed, 05/11/2011 - 11:01 | 1263081 Biff Malibu
Biff Malibu's picture

Murder was the case that they gave me...

 

So did he act alone or is he the patsy taking the fall for the guys behind the grassy knoll

 

Wed, 05/11/2011 - 11:18 | 1263198 Cursive
Cursive's picture

@Biff 100% sacrificial lamb. He was expendable in the effort to show Main Street that Wall Street is being cleaned up.

Wed, 05/11/2011 - 11:31 | 1263278 Biff Malibu
Biff Malibu's picture

thank you Cursive, haven't been following this at all.  I appreciate your insight.

 

Wed, 05/11/2011 - 10:59 | 1263087 1100-TACTICAL-12
1100-TACTICAL-12's picture

Big deal, Let's see some of the big boy's go down. Ain't gonna happen...

Wed, 05/11/2011 - 11:01 | 1263105 treemagnet
treemagnet's picture

This just in....Raj has decided to be the catcher for now as the pitcher roster in "D Block" is apparently full.  How does one prep for this?

Wed, 05/11/2011 - 11:20 | 1263222 Bam_Man
Bam_Man's picture

With a large zucchini and lots of lube.

Wed, 05/11/2011 - 11:04 | 1263111 firstdivision
firstdivision's picture

Nah-nah-nah-nah, nah-nah-nah-nah, Raj-Raj, goodbye..

Wed, 05/11/2011 - 11:05 | 1263113 LawsofPhysics
LawsofPhysics's picture

Distraction for sheeple.  Prop desks should be outlawed, banks should be banks, period.  Prop trading steals real wealth from the economy and adds no value.  The ponzi remains strong, until it doesn't.  Hedge accordingly.

Wed, 05/11/2011 - 11:02 | 1263116 johngaltfla
johngaltfla's picture

CNBC has a moron on preaching about how this is good and "insider trading" must be punished.

Uh, hello?

GS

C

BAC

MS

WFC

(insert endless list of Federal Reserve member banksters here)

WTF does this idiot think the IB's and others did during the 2007-2008 crash and burn? What a load of bullcrap. I hope Raj sings like an opera whore and BURIES THE WHOLE G.D. INDUSTRY.

Wed, 05/11/2011 - 12:12 | 1263459 Alex Kintner
Alex Kintner's picture

I guess Raj wasn't a CNBC sponsor. Lesson learned. Note to self: Next time spread a little of the loot around.

Wed, 05/11/2011 - 11:05 | 1263117 Manzilla
Manzilla's picture

I had a Mr. Potato Head that looked like that once.

Wed, 05/11/2011 - 11:06 | 1263123 Bill DeBurgh
Bill DeBurgh's picture

Raj went down because he is brown.

 

I'll be impressed when they start tossing members of the "tribe" in jail.

Wed, 05/11/2011 - 11:05 | 1263136 kentfinance
kentfinance's picture

ok sheeple - its safe to go back in the water now.

we've stopped commodities going up and equities going down, now pile in with your life savings.....

Wed, 05/11/2011 - 11:07 | 1263144 TruthInSunshine
TruthInSunshine's picture

When do the Federal Reserve 'Bank' Cartel Members get charged and tried for conspiracy to implode the United States and its currency, and when will the guilty verdict followed by execution be?

Are tickets available now?

Wed, 05/11/2011 - 11:22 | 1263223 SparkyvonBellagio
SparkyvonBellagio's picture

Drawn and Quartered by this years Derby Superfecta.

Wed, 05/11/2011 - 11:07 | 1263147 Alcoholic Nativ...
Alcoholic Native American's picture

LOL BROWN GUY BITES THE DUST.

Wed, 05/11/2011 - 11:07 | 1263152 williambanzai7
williambanzai7's picture

Oh my, the two Subprime Kingpins!

Wed, 05/11/2011 - 11:11 | 1263159 topcallingtroll
topcallingtroll's picture

Scooping a single minnow out of the ocean is insignificant.

Insider trading laws are for little people, or the moderately sized outsider. Ironic isnt it?

Wed, 05/11/2011 - 11:10 | 1263169 buzzsaw99
buzzsaw99's picture

Another piker.

Wed, 05/11/2011 - 11:15 | 1263183 digalert
digalert's picture

I don't believe racist Eric Holder is happy with verdict.

Wed, 05/11/2011 - 11:16 | 1263206 oogs66
oogs66's picture

Can they go after Gupta?  The McKinsey/GS cheat?

Wed, 05/11/2011 - 11:42 | 1263307 I am a Man I am...
I am a Man I am Forty's picture

i think gupta was the one who helped nail him in return for no jail time, if memory serves, but i may be wrong

Wed, 05/11/2011 - 11:18 | 1263217 chindit13
chindit13's picture

So next on the docket is John Mack?

Oh wait, that was dropped under orders from somebody, and the SEC Investigator, who had just received top grades on his performance evaluation, was fired for questioning the call.

All equal under the law, except for those above the law.

Wed, 05/11/2011 - 12:55 | 1263750 Rick64
Rick64's picture

 Gary J. Aguirre -Suspecting the leaked information came from John J. Mack, a Wall Street titan and major contributor to the 2004 campaign contribution of George W. Bush, Aguirre wanted to subpoena Mack, but supervisors told him Mack had too much "political clout" and would not be pursued. Aguirre complained to a superior about the preferential treatment being given Mack and was fired without warning. A Senate investigation later found his termination to have been an illegal reprisal.

Wed, 05/11/2011 - 11:25 | 1263235 tecno242
tecno242's picture

Dear Raj,

being a coke dealer would have been a lot more fun. lol

Wed, 05/11/2011 - 11:25 | 1263245 belogical
belogical's picture

That a start, but what the heads of the banks and FED has done pales in comparison. They need to be held accountable

Wed, 05/11/2011 - 11:28 | 1263248 I am Jobe
I am Jobe's picture

So when are they going to after Cox and Shapiro and Grasso?

Wed, 05/11/2011 - 12:18 | 1263482 samsara
samsara's picture

How about a picture of Grasso giving a hug with 'Terrorists'?

 

The movers and shakers of US stock markets are quite aware of the mountains of cash produced by Colombia’s cocaine trade. In June of 1999, Richard Grasso, chair of the New York Stock Exchange, met Raul Reyes, a commander of the Revolutionary Armed Forces of Colombia (FARC), a leftist group which controls about a third of Colombia and about half of its coca-producing area.15

http://erippy.home.mindspring.com/Where_the_NarcoDollars_Go.html

Nice picture.  Cold Calling on Clients

Wed, 05/11/2011 - 11:29 | 1263251 I am Jobe
I am Jobe's picture

Ben and Greenspan?

Wed, 05/11/2011 - 11:29 | 1263252 buzzsaw99
buzzsaw99's picture

You wanna see the real crooks in action? Look at AIG bitchez!

Wed, 05/11/2011 - 11:27 | 1263253 belogical
belogical's picture

How about Gensler at the CFTC, can we get him in for 20 years?

Wed, 05/11/2011 - 11:30 | 1263255 MarketFox
MarketFox's picture

Welcome to.....

 

JEWYORKCITY.....

 

There are several hundred JewYorkers that need to serve more than just a little bit of time as well....and be taken down in terms of ill gotten gains....

 

Wed, 05/11/2011 - 12:45 | 1263705 alexanderstollznow
alexanderstollznow's picture

like bernie madoff?

Wed, 05/11/2011 - 14:20 | 1264193 Hexus
Hexus's picture

And even that's nothing compared to the capital of the jewnited kingdom. Let's see some Rothschilds behind bars, ha.

Wed, 05/11/2011 - 11:27 | 1263258 I am Jobe
I am Jobe's picture

John Mack and his Wife

Dick Fuld?

Gupta ?

 

Wed, 05/11/2011 - 11:30 | 1263272 Cone of Uncertainty
Cone of Uncertainty's picture

Angelo at Countrywide, oh I would like to see that little cunt go down big time.

Wed, 05/11/2011 - 11:31 | 1263260 belogical
belogical's picture

This guy was enough removed from the real crooks that they allowed him to go down. We need the politicians, bankers and FED/regulators to get it NOW! 

Wed, 05/11/2011 - 11:32 | 1263266 Caviar Emptor
Caviar Emptor's picture

He was a great shopper. He will be remembered and loved by his hookers

Wed, 05/11/2011 - 11:36 | 1263293 falak pema
falak pema's picture

maybe they'll service him in the pressure cooker.

Wed, 05/11/2011 - 11:32 | 1263268 Cone of Uncertainty
Cone of Uncertainty's picture

Raj, no longer in charj.

His balloon knot is about to get destroyed.

Wed, 05/11/2011 - 11:35 | 1263285 Bertie Wooster
Bertie Wooster's picture

why is zerohedge even cheering this verdict?  It's an outrageous disgrace.  

It's like going out into the doghouse in the backyard and stepping on an ant, while underneath the floorboards of your house and in your foundations are a massive termite (mortgage industry), cockroach (The Fed), and maggot (investment bank) problem.

It's puke-inducing that they even have the time to go after this guy.

 

Wed, 05/11/2011 - 11:53 | 1263354 JR
JR's picture

"A people as gullible as Americans have no future." -- Paul Craig Roberts

Wed, 05/11/2011 - 11:34 | 1263289 Übermensch
Übermensch's picture

Token sacrifice to appease the masses.

Wed, 05/11/2011 - 11:41 | 1263302 TruthInSunshine
TruthInSunshine's picture

First, we get Martha Stewart.

Yeah!

And then, Raj!

Yeah!

That will show the sheeple we are serious going into 2012 - serious about government stopping the monkey business on Wall Street and serious about Wall Street policing itself.

Yeah!

Shouted Blankfein, Dimon, Cohen, the Blackrock Boyz, The Bernank, The Jeetner & NerObama.

Wed, 05/11/2011 - 11:42 | 1263304 buzzsaw99
buzzsaw99's picture

Was he making $100M/day selling securities to the fed?

Wed, 05/11/2011 - 11:40 | 1263309 Chippewa Partners
Chippewa Partners's picture

It's easy to use a cell phone in prison.  Insiders supply them.  Raj will be right at home.

Wed, 05/11/2011 - 11:42 | 1263326 I am Jobe
I am Jobe's picture

Live by Treachery, Die by Treachery; A Historical Lesson About Selling Your Soul

http://www.activistpost.com/2011/05/live-by-treachery-die-by-treachery.html

Wed, 05/11/2011 - 11:43 | 1263329 jse111
jse111's picture

Free Raj now!

Wed, 05/11/2011 - 11:50 | 1263351 LivermoreJim
LivermoreJim's picture

Raj holds dual citizenship -- U.S. and Sri Lanka.  I doubt that he'll serve any jail time because he's a billionaire and been given bail. The 20 million he'll have to post is nothing to him and he'll skip to Sri Lanka as soon as he can transfer his wealth.  Although Sri Lanka has an extradiction treaty with the U.S., I doubt they'll let him go given the money he'll spread around.  Such stupidity I cannot believe.  Apparently they believe the security device he'll have to wear will prevent that.  Trying to fly out on a public airline would stop him; flying out on a private jet would not. 

Wed, 05/11/2011 - 12:16 | 1263463 lolmaster
lolmaster's picture

Well you must be mildly retarded. The US govt has demonstrated thoroughly that it will spare no expense or SWAT team in preventing ethnics from making it on Wall St. (see Raj, Aleynikov, etc)

OTOH, if you're a white harvard grad, Muslim terrorist, or Mexican drug lord, chances are you don't have much to worry about.

But if you're an evil "insider trader" ya better watch out!

Wed, 05/11/2011 - 11:55 | 1263366 pazmaker
pazmaker's picture

that dude is gonna lose some weight now!

Wed, 05/11/2011 - 11:53 | 1263370 lolmaster
lolmaster's picture

Hm this will be a warning to all future criminals in the US.

If WASP or JEW give a pat on the back and a couple hundo (mil) from the Fed. If Harvard grad promote directly to high office.

If "ethnic" send in tha boyz in blue, conduct illegal wiretaps, and arrange a trial by "peers." (aka various homeless crack addict degenerates off the streets of New York.)

Justice!

Wed, 05/11/2011 - 12:59 | 1263794 alexanderstollznow
alexanderstollznow's picture

madoff is jewish, yes?

and who heads the office which prosecuted rajaratnam? some guy called Preet Bharara.  sounds a bit brown?

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