Steve Cohen & Raj Rajaratnam Insider Trading Cases

DOW / Gold Ratio Still Low On Historical Basis

-------- Original Message --------

Subject:	Insider Trading Cases Against Steve Cohen and Raj Rajaratnam
Date:	Thu, 21 Mar 2013 12:14:13 -0700
From:	Jas Jain

Insider Trading Cases Against Steve Cohen and Raj Rajaratnam

"Not many Wall Street executives, let alone hedge funds, could write a $616 million check and remain solvent. But Steven A. Cohen and his fund, SAC Capital Advisors, have done exactly that, agreeing to pay that amount to settle two insider-trading lawsuits brought against it by the government."

"Sat 16 Mar 2013; SEC Fines SAC's Steve Cohen Millions but is Afraid to Say his Name Posted by Teri Buhl under Hedge Fund Fraud… What I found most appalling about this settlement is the SEC lays out dates, times, and conversations that Stevie Cohen has with his employee about the inside information and then he trades on it to avoid millions in losses. Except the SEC won't even directly name him in the lawsuit. Yep- they just call him portfolio manager A and add in one line at the beginning of the complaint that portfolio manager A is the founder and owner of SAC Capital."

Comment (my highlight): "March 18, 2013 at 7:05 am; Perhaps Voldemort would have been better than portfolio manager A? What does the US admin really think investors will do when they realise that their funds managers are just another set of crooks & fraudsters? God help the honest folk who work in these firms and have to compete with vindictive sycophants who have no scruples or respect for anything or anyone. It's sowing the seeds of disaster. http://www.teribuhl.com/2013/03/16/sec-gets-600-million-from-steve-cohen-but-is-afraid-to-say-his-name/

Steve Cohen has been among the top hedge fund managers for a long time and Raj Rajaratnam was not among the top 100; allegations against Cohen were made a lot earlier than against Rajaratnam; and the amount of money made from alleged fraud is lot larger in the case of Cohen than Rajaratnam....   Equality under the law is a frikin joke when it comes to large-scale financial fraud ($10M and above, mostly in hundreds of millions).

Poor Rajaratnam was operating in the wrong neighborhood; he didn't belong there and was encroaching on the turf controlled mostly ......  Mafia under a different cloak running an incredibly lucrative business.

Jas

Mon, Feb 4: Laszlo Birinyi Expects The S&P500 To Reach 1600 Before The Year Ends