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Rajaratnam Jury Says It Has Reached A Verdict

Tyler Durden's picture




 
  • RAJARATNAM JURY SAYS IT HAS A VERDICT IN INSIDER CASE
  • RAJARATNAM FACES AS LONG AS 20 YEARS IN PRISON IF CONVICTED

If he walks, it is time to scrap insider trading laws for good. We wonder if Raj walks, whether the 20 or so coconspirators who have already pled guilty still go to jail?

More as we get it.

 

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Wed, 05/11/2011 - 10:19 | 1262812 wang
wang's picture

guilty not guilty

Wed, 05/11/2011 - 10:22 | 1262820 Sudden Debt
Sudden Debt's picture

Rajajarara is Pakistani right?

 

 

Wed, 05/11/2011 - 10:41 | 1262921 I am Jobe
I am Jobe's picture

Sri Lankan actually.

Wed, 05/11/2011 - 10:24 | 1262830 thebone
thebone's picture

The fact that they have taken 12 days to deliberate this gives me no faith in the legal system. Unless of course the jurors were milking the $40 per day stipend.

Wed, 05/11/2011 - 10:41 | 1262944 homersimpson
homersimpson's picture

Sit through a divorce court proceeding and you'll find that you'll lose faith in the US legal system in about 20 minutes.

Wed, 05/11/2011 - 10:22 | 1262832 The Axe
The Axe's picture

Guilty as the JUICE

Wed, 05/11/2011 - 10:22 | 1262833 Ancona
Ancona's picture

This jiblottie will not see the punishment he deserves, because white collar crime laws were written by people with sympathy for the wealthy and connected.

He should be given the full twenty years in the graybar hotel, but will most likely get a hell of  a lot less. Maybe a big fine and exclusion from the boyz club.

Wed, 05/11/2011 - 10:22 | 1262834 Josh Randall
Josh Randall's picture

ATTICA, ATTICA, ATTICA!

Wed, 05/11/2011 - 10:22 | 1262835 lolmao500
lolmao500's picture

Can they get Buffett already?

Wed, 05/11/2011 - 10:40 | 1262918 Ruffcut
Ruffcut's picture

It must be a bitch to inside trade and not be a real insider. Buffy didn't make all that cash based on hunches.

Wed, 05/11/2011 - 10:25 | 1262836 SP666_IsComing
SP666_IsComing's picture

Who t f cares about all this noise now?  No one should.

There is only one event that ill matter ...

Comet Elenin is coming Sept 27, 2011.  From mythology, stars are considered agels and comets are considered archangles. Comet Elenin will be the mightiest archangel of them all.  It will try to overpower the sun (god of old) when it crosses directly between the earth and sun and it will literally fall to earth.  This comet is the origin of all the old myths about the mightiest angel who fell from grace, banished by god (the sun), and fell to earth … better known to everyone as Lucifer.

This comet’s vapor trail is saturated with dust (as all comets are) and it will sweep and engulf the earth in October (the falling angel!).  The massive vapor and dust tail will engulf the earth and create enormous rainclouds for DAYS all over the world.  Water levels will rise everywhere.

A massive flood is coming in October!  This is not a joke. This is not a test.
SP-666 will be taken out before October! 

Bankster criminals, murderers and thieves (and all their ilk) have kept this “little” event secret for centuries within their stupid childish secret society cults. For nothing but pure greed and hatred for the rest of humanity, sheeple and markets have been lied to and manipulated for millennium so those greedy little devils … “chosen people” can “inherit the earth” after this event.  They are stealing and raping everyone now to accumulate every last ounce of gold (money) before October.

Wed, 05/11/2011 - 10:28 | 1262850 SilverRhino
SilverRhino's picture

Whatever your doctor prescribed you, up the fucking dosage or the voltage already.

Wed, 05/11/2011 - 10:26 | 1262859 bob_dabolina
bob_dabolina's picture

LOL!!!!

Wed, 05/11/2011 - 10:30 | 1262866 hedgeless_horseman
hedgeless_horseman's picture

We sure could use the rain in Texas.

Wed, 05/11/2011 - 10:34 | 1262886 SP666_IsComing
SP666_IsComing's picture

Disbelievers will perish.  So it was written, so it shall be.

Wed, 05/11/2011 - 10:48 | 1262969 Ruffcut
Ruffcut's picture

Good, maybe they'll stop cloud seeding with chemtrails.

Many would perish, comets don't discriminate.

Wed, 05/11/2011 - 10:35 | 1262891 The Swedish Chef
The Swedish Chef's picture

Long freeze dried food and gasmasks then or what?

Wed, 05/11/2011 - 12:07 | 1263437 Scoobywan
Scoobywan's picture

Is that a girl with her hand up her ass?

Wed, 05/11/2011 - 10:38 | 1262901 NOTW777
NOTW777's picture

you should have blamed Bush - you could share space with George ZH Washington

Wed, 05/11/2011 - 10:38 | 1262917 GetZeeGold
GetZeeGold's picture

 

 

#%#$% BUSH!!!

 

 

Wed, 05/11/2011 - 10:42 | 1262933 sdmjake
sdmjake's picture

Dude, I shouldn't even respond but, here is the "other side of that story":

Comet Elenin should be at its brightest shortly before the time of its closest approach to Earth on Oct. 16 of this year. At its closest point, it will be 35 million kilometers (22 million miles) from us. Can this icy interloper influence us from where it is, or where it will be in the future? What about this celestial object inspiring some shifting of the tides or even tectonic plates here on Earth? There have been some incorrect Internet speculations that external forces could cause comet Elenin to come closer.

"Comet Elenin will not encounter any dark bodies that could perturb its orbit, nor will it influence us in any way here on Earth," said Don Yeomans of NASA's Near-Earth Object Program Office at NASA's Jet Propulsion Laboratory in Pasadena, Calif. "It will get no closer to Earth than 35 million kilometers [about 22 million miles]. "

"Comet Elenin will not only be far away, it is also on the small side for comets," said Yeomans. "And comets are not the most densely-packed objects out there. They usually have the density of something akin to loosely packed icy dirt.

"So you've got a modest-sized icy dirtball that is getting no closer than 35 million kilometers," said Yeomans. "It will have an immeasurably miniscule influence on our planet. By comparison, my subcompact automobile exerts a greater influence on the ocean's tides than comet Elenin ever will."

Yeomans did have one final thought on comet Elenin.

"This comet may not put on a great show. Just as certainly, it will not cause any disruptions here on Earth. But there is a cause to marvel," said Yeomans. "This intrepid little traveler will offer astronomers a chance to study a relatively young comet that came here from well beyond our solar system's planetary region. After a short while, it will be headed back out again, and we will not see or hear from Elenin for thousands of years. That's pretty cool."

Wed, 05/11/2011 - 10:54 | 1263052 Ruffcut
Ruffcut's picture

Yeah and having nuclear power has no risk to humans on earth either. 75% of the oil in the gulf evaporated, like magic. Subprime is contained.

If this creates solar flares on the edgy sun then we might get thrown into the stoneage.

1859 solar flares fried telegraph systems. Imagine what they can do to your iphone. No power, no water. Be thirsty, my friends.

Wed, 05/11/2011 - 11:29 | 1263265 downrodeo
downrodeo's picture

In the world I see – you're stalking elk through the damp canyon forests around the ruins of Rockefeller Center. You'll wear leather clothes that will last you the rest of your life. You'll climb the wrist-thick kudzu vines that wrap the Sears Tower. And when you look down, you'll see tiny figures pounding corn, laying strips of venison on the empty car pool lane of some abandoned superhighway.

Wed, 05/11/2011 - 11:00 | 1263100 topcallingtroll
topcallingtroll's picture

Is this Hamy?

If not you have persisted longer than a common variant of dumbass and you have achieved the exalted status of schizophrenic. Congratulations.

Wed, 05/11/2011 - 10:23 | 1262843 NOTW777
Wed, 05/11/2011 - 10:27 | 1262847 topcallingtroll
topcallingtroll's picture

Even if he is convicted we should scrap insider trading laws. A single conviction every once in a while is no deterrent.

Real time public disclosure of all insider trades makes insider trading rules unnecessary.

Wed, 05/11/2011 - 10:28 | 1262849 Robslob
Robslob's picture

SP666_IsComing 

Please write an article and submit it to Tyler...

Tyler, please post his article at midnight and it will be gone by morning...hopefully like SP666_IsComing 

 

Wed, 05/11/2011 - 10:26 | 1262860 MrBoompi
MrBoompi's picture

Guilty or not there's someone taking his place willing to do the same things, only not so obvious to the rest of the world, which runs on insider trading and every other form of market manipulation one can imagine.

Wed, 05/11/2011 - 10:27 | 1262862 snowball777
snowball777's picture

RAJaRATnAM

Wed, 05/11/2011 - 10:30 | 1262865 Jim Lahey
Jim Lahey's picture

OT: On CNBS--Nestle proposes regulating WATER as a commodity.

Wed, 05/11/2011 - 10:30 | 1262875 The Swedish Chef
The Swedish Chef's picture

Repeat after me: slap on the wrist. When the fat bastard starts to suffer from heart problems after eighteen months of continuous ass rapes he´s let go on humanitarian whathaveyou... By then we´ll all have bigger issues to deal with so no one will care.

 

Oh, almost forgot...insider trading, bitchez!

Wed, 05/11/2011 - 10:30 | 1262880 NOTW777
NOTW777's picture

nice distraction for bear wedge break

Wed, 05/11/2011 - 10:59 | 1263066 topcallingtroll
topcallingtroll's picture

We can simultask.

This is the third millenia.

Dont you have a bloomberg retinal implant?

Get with the fvcking program.

Wed, 05/11/2011 - 10:32 | 1262888 bob_dabolina
bob_dabolina's picture

o/t

Energy complex looks like it's in the process of getting torched again.

Wed, 05/11/2011 - 10:48 | 1262893 Cow
Cow's picture

5 yrs per count of conspiracy - he faces 5 counts

20 yrs per count of securites fraud - he faces 9 counts

Wed, 05/11/2011 - 10:39 | 1262910 RobotTrader
RobotTrader's picture

Raj's funds must be heavily invested in currencies, PM's and energy.

All are getting obliterated today.

Wed, 05/11/2011 - 10:39 | 1262926 Arius
Arius's picture

good spin...suggest it to Levorno or whatever his name is...

Ray has to walk...common people get on with the program...

Wed, 05/11/2011 - 10:41 | 1262923 IMA5U
IMA5U's picture

They will eat him in jail

 

 

Wed, 05/11/2011 - 10:42 | 1262924 ivana
ivana's picture

scrap insider trading laws Tyler?
come on ... the whole ponzi works that way .. how do you think politicians get rich: they were just tipped before major bankster/utilities moves (those which "deserve" it)

now they just found collored scape goat poor bastard to prove to public it doesn't work that way

Wed, 05/11/2011 - 10:39 | 1262935 I am Jobe
I am Jobe's picture

How about going after Mary Schapiro and Cox? The system is fucked up and cannot be corrected like this.

Wed, 05/11/2011 - 10:42 | 1262947 Alex Kintner
Alex Kintner's picture

Bob Moffet (dismissed IBM exec) has already pled guility in this case. His defense was that he was in love with Rajaratnam's partner and gave away inside  info (about AMD) to her for love. Have you seen that ugly bitch?  He should have gotten a lethal injection just for cheating on his wife (who is sick with MS) with the uglyiest bitch this side of Maiden Lane.

Wed, 05/11/2011 - 10:48 | 1262966 dick cheneys ghost
dick cheneys ghost's picture

Join the underground economy........make your own rules....pay no taxes....everyone's doin it......

Wed, 05/11/2011 - 10:50 | 1262995 carbonmutant
carbonmutant's picture

Home Run! All Counts!

Wed, 05/11/2011 - 10:52 | 1263026 FreeMoney Bernie
FreeMoney Bernie's picture

Don't worry about upping thwe dosage just get that fucking Bernanke off of those meds

Wed, 05/11/2011 - 11:03 | 1263102 Alex Kintner
Alex Kintner's picture

Galleon’s Rajaratnam Found Guilty - Bitchez
http://dealbook.nytimes.com/2011/05/11/rajaratnam-found-guilty/

Extra life sentence added for being Fat and Ugly.

Wed, 05/11/2011 - 11:04 | 1263122 Stuck on Zero
Stuck on Zero's picture

A trial by jury is likely to get any bankster a life in the slammer.  That is why you very seldom see jury trials for banksters.  There are always plea bargains, petty fines, and dismissals.

Wed, 05/11/2011 - 11:23 | 1263236 Construct
Construct's picture

The case for not going to prison for this sub human was that he has a 'had a genuine concern for children'. What a Joke!

 

http://articles.economictimes.indiatimes.com/2011-04-14/news/29417496_1_...

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