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IBM, Intel Execs Arrested Over Insider Trading

Posted by ScuttleMonkey on from the things-are-tough-when-yer-rich dept.

An anonymous reader writes to share a report from The Register stating that executives from IBM and Intel have been arrested as a part of insider trading allegations. "According to a report from the Associated Press, six people were arrested today as part of an insider trading case, including Bob Moffat, senior vice president and general manager of IBM's Systems and Technology Group; Rajiv Goel, director of strategic investments at Intel Capital; Anil Kumar, a director at management consultancy McKinsey & Co; and Raj Rajaratnam, the founder of the $7bn Galleon Group hedge fund."

2 of 198 comments (clear)

  1. Re:Well now... by geekoid · · Score: 5, Insightful

    No it's not interesting. It takes time to move through all the documents and prepare for the arrest. The word you were looking for is routine.

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    The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
  2. No, they are guilty of the ONLY crime in business by spun · · Score: 5, Insightful

    It's called, 'getting caught.' You see, when you get caught, everyone else in business has to pretend they don't do it, and that they are shocked! Shocked and appalled at the bad apples ruining the barrel. By 'bad apples,' they mean, 'people just like me except they got caught' and by 'ruining the barrel,' they mean, 'drawing the attention of the peons to our utter corruption.'

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    - None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton