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IBM, Intel Execs Arrested Over Insider Trading

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."

4 of 198 comments (clear)

  1. Correction by gbutler69 · · Score: 0, Troll

    Nice. So INDIAN executives at Intel, IBM, Bear Stearns, and McKinsey were tipping off an INDIAN Billionaire hedge fund manager. Any wonder _how_ he made those Billions, then? And all of them massive contributors to politicians. How nice. These INDIAN idiots should all go to jail, for a very long time. Maybe, use the per capita income of ordinary Americans that is being stolen away from them by a bunch of foreigners to judge their prison terms; 25M/43k/yr = 500 years between them. Some of them _might_ get out in time to die.

    andy

    There, fixed that for you

    --
    Over-the-top Response Guy! Giving "Over-the-Top Responses" since 1970.
  2. Re:Well now... by Anonymous Coward · · Score: -1, Troll

    Ass kisser.

    That fucking "~" only mean "home directory" not what that idiot say.

    You I mod down lots always.

  3. investors will still lose money. by Anonymous Coward · · Score: -1, Troll

    from a full time retail trader.

    investors/traders will still lose money regardless if there is or is not insider trading.

    a stock going down is going to go done.

    suckers. ordinary investors will always lose money. they are clueless.

    a trader with a complete trading plan continuously makes more money than one loses.

    one of my trades monday. cern $.10 to $1.40 on 1000 shares. 1300% return.

    bp trade was up 6000%. took half at 3000%. other half at 2000%. in june. 1000 shares.

    an old trading buddy from a bedroom trading room with a retail trading account went from $50,000 to $6,000,000. then went down below $1,000,000. no complete trading plan.

    who cares about insider trading.

    a trader makes money regardless.

    i put all my trades up on twitter in real time.

    800 plus followers.

    i show people.

    all you need to make money trading is a trading account. everything else is free from the internet or library.

    good trading.

    a stock trader twittering as stocktradr

  4. visa holders ..? by Anonymous Coward · · Score: -1, Troll

    Is it me, or are the majority of these 'criminals' from India? More reasons not to allow them into our American companies!