Thursday, May 12, 2011

Wire-Tap Evidence the Difference;Raj Rajaratnam Convicted on Insider Trading Counts.

I predicted about a month or so ago that The Galleon Hedge Fund founder would be convicted on all counts. Well guess what ? I was right for once.
In my opinion the "wire-tap recordings were the case, the coffin and the nails in the coffin! The jury (both before alternate and after the alternate deliberated) was fixated on replays of the wiretaps....You can't blame them! Mr. R's brazeness , arrogance and greed must have come through loud and clear within the four walls of the Courtroom. Too much for the defense to overcome.
The jury didn't buy the argument that he didn't trade on illegally obtained info, but only on legally obtained info. Raj only has himself to blame. He wanted to be the old "master of the universe ". And he was for a while! Now he'll be "master of the cellblock "!
Oh Wall Street.,...watch out someone may be listening!

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