Raj Guilty, Faces 15.5-19.5 Years In Jail

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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?

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