Another reason to hate financial corporations
The $20 million insider-trading ring that the U.S. government alleges was masterminded by billionaire hedge-fund manager Raj Rajaratnam also included two former Bear Stearns hedge-fund managers. According to two federal complaints, two of Rajaratnam’s partners in the alleged crimes were Mark Kurland, of Mount Kisco, N.Y., and Danielle Chiesi of New York City. Both Kurland, 60, and Chiesi, 43, were arrested last week, along with Rajaratnam, and charged with insider trading. Bail for Kurland was set at $3 million and for Chiesi at $2 million (Rajaratnam’s was set at $100 million).
via Inside trading accused once worked at Bear Stearns – Oct. 19, 2009
Their acts of greed started in July 2008 and went all the way into the New Year! Why would anyone ever go to work for a bank or on Wall Street ever again? To end up like these people? Greed is not good.
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