“Everyone is a scumbag!” pronounced Rengan Rajaratnam in a secretly recorded phone conversation with his brother, Raj Rajaratnam, the former head of hedge fund Galleon Group (who is now awaiting sentencing for 14 counts of conspiracy and securities fraud). Rengan was referring to a McKinsey executive, also later indicted in the scandal. The “Galleon case” [...]
Archive for August, 2011
Teaching Insider Trading…
Posted in Commentary on August 15, 2011 | 14 Comments »
When it rains, it pours?
Posted in Commentary on August 18, 2011 | 6 Comments »
Earlier this week I blogged on the recent spate of public school teacher cheating scandals and considered that in light of the recent Wall Street prosecutions for insider-trading (another form of cheating). And while the vast majority of public school teachers and workers in the financial sector are indeed honest people, these recent cheating discoveries [...]
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