18 March 2014
Note: This was written and originally published in May of 2012. I republish it now for no good reason other than a recrudescence of disgust. The first time I heard Joe Floren speak I was standing behind him in an elevator in his law firm’s San Francisco office tower as another lawyer informed him that […]
14 March 2014
“The prestige of government has undoubtedly been lowered considerably by the Prohibition law. For nothing is more destructive of respect for the government and the law of the land than passing laws which cannot be enforced. It is an open secret that the dangerous increase of crime in this country is closely connected with this.” […]
06 February 2014
Former SAC Capital portfolio manager Mathew Martoma was convicted today for insider trading, and there is much discussion that SAC Capital founder Steve Cohen might be next, despite earlier reports that Cohen was to escape criminal charges even as the DOJ described Cohen as operating a hedge fund that was a criminal enterprise through and […]
31 January 2014
John Hempton at Bronte Capital (see his blogs here) is going to some lengths to stir up a scandal concerning letters that were authored (or not authored, as it were) by U.S. Senator Edward Markey. In the letters (sent to the SEC and other government agencies), Senator Markey seeks information about a company called Herbalife, […]
12 January 2014
And yes, I know that PBS used “trader,” not “traitor.” De gustibus non est disputandum.
25 December 2013
29 October 2013
NBC: Billionaire Steven Cohen’s hedge fund could pay $1B fine in fraud case: sources
26 August 2013
Berezovsky, a surprisingly typical oligarch, had ties to terrorists, organized crime, Wall Street and Washington
27 June 2013
The "insider trading network" that the FBI is currently investigating is similar to an "insider trading" network that the FBI investigated in the 1980s--and the network is involved in much more than just "insider trading."
12 June 2013
The BCCI enterprise operated a "Black Network" that included terrorists, mobsters, narco-traffickers, stock promoters, and numerous of the world's leading criminal oligarchs. BCCI is gone, but the "Black Network" is still in business today.