• 08 Feb 2011 at 3:46 PM

Tech Experts Charged Today With Insider Trading Kind Of Imbeciles When It Comes To Tech

By Bess Levin

As you may have heard, four individuals were charged today with insider trading. The Feds alleged that these people (Samir Barai, Jason Pflaum, Noah Freeman and Donald Longueuil) made profits illegally through less than kosher trades in tech stocks. Interestingly, it seems that weren’t exactly experts when it came to basic tech stuff, like knowing that even if you delete a Blackberry message from you phone, it doesn’t actually go away, as evidenced in one section of the criminal complaint.

Favorite Part of The FBI Complaint Against Samir Barai And Donald Longueuil [NetNet]

Comments (26)

  1. 1
    Posted by Seaman Bodine | February 8, 2011 at 9:08 PM

    I know it doesn’t go away. That’s why I always use a fake email.

  2. 2
    Posted by Guest | February 8, 2011 at 9:09 PM

    Dear SAC PM’s,

    From now on if you need to contact me about a particular stock, scratch the message in the ice rink. A couple of trips around the rink on the Zamboni and…poof!

    Thanks,
    SC

  3. 3
    Posted by Spanishmoon | February 8, 2011 at 9:11 PM

    Their expertise was insider trading, not technology.

  4. 4
    Posted by Spanishmoon | February 8, 2011 at 9:11 PM

    Their expertise was insider trading, not technology.

  5. 5
    Posted by Spanishmoon | February 8, 2011 at 9:11 PM

    Their expertise was insider trading, not technology.

  6. 6
    Posted by Spanishmoon | February 8, 2011 at 9:11 PM

    Their expertise was insider trading, not technology.

  7. 7
    Posted by Spanishmoon | February 8, 2011 at 9:11 PM

    Their expertise was insider trading, not technology.

  8. 8
    Posted by Guest | February 8, 2011 at 9:15 PM

    they do at TigetText©

    http://online.wsj.com/article/SB10001424052748703740104576122460926972084.html?KEYWORDS=blackberry+message

    Secret Texting… Pass It On

  9. 9
    Posted by Guest | February 8, 2011 at 9:17 PM

    And they say you have to be soooo bright to be on the buy-side…

  10. 10
    Posted by Guest | February 8, 2011 at 9:17 PM

    Yeah….great insider traders…..They got fired for non-performance at SAC. I gotta go with the though that they are a couple of morons.

  11. 11
    Posted by StuckInOhio | February 8, 2011 at 9:20 PM

    LULz, I get compliance warning whenever i try typing “fuck” or see-you-next-tuesday. Perhaps a clue that people might be logging the conversations?

    DELETE FUCKING EVERYTHING11!!11!1

  12. 12
    Posted by StuckInOhio | February 8, 2011 at 9:20 PM

    LULz, I get compliance warning whenever i try typing “fuck” or see-you-next-tuesday. Perhaps a clue that people might be logging the conversations?

    DELETE FUCKING EVERYTHING11!!11!1

  13. 13
    Posted by Guest | February 8, 2011 at 9:23 PM

    epic fail in that case…

  14. 14
    Posted by Guest | February 8, 2011 at 9:25 PM

    Never, ever, ever trust anyone named Noah. I am telling you. The original really fucked me. Big time.
    T-Rex

  15. 15
    Posted by Guest | February 8, 2011 at 9:26 PM

    have these guys never seen a spy or drug dealing movie? You always use disposable cells for this shit. amateurs.

    -J. Bourne

  16. 16
    Posted by Wiz Khalifa | February 8, 2011 at 9:30 PM

    Bess, how do you know when you are in love? I am asking for a friend.

    /Noah

  17. 17
    Posted by AmericanBandersnatch | February 8, 2011 at 9:45 PM

    I make sure that I, and my co-conspirators, have a Navajo indian with me at all times. I then have my Navajocciate email to myco-conspirator’s Navajocciate any inside information in their secret language and my co-conspirator’s Navajocciate translates it for him or her. I have instructed my admin assistant to kill my Navajocciate if it looks like the FBI may arrest him.

  18. 18
    Posted by Guest | February 8, 2011 at 10:11 PM

    I faked trades so as to be above suspicion of insider trading, annnnnnd im in jail y?
    -uncle bern’s

  19. 19
    Posted by Spanishmoon | February 8, 2011 at 10:27 PM

    We have you covered, wiseass.

    Bruce Hedgekiller, Bureau of Indian Affairs Special Liason, DoJ

  20. 20
    Posted by Spanishmoon | February 8, 2011 at 10:27 PM

    We have you covered, wiseass.

    Bruce Hedgekiller, Bureau of Indian Affairs Special Liason, DoJ

  21. 21
    Posted by Spanishmoon | February 8, 2011 at 10:27 PM

    We have you covered, wiseass.

    Bruce Hedgekiller, Bureau of Indian Affairs Special Liason, DoJ

  22. 22
    Posted by Spanishmoon | February 8, 2011 at 10:27 PM

    We have you covered, wiseass.

    Bruce Hedgekiller, Bureau of Indian Affairs Special Liason, DoJ

  23. 23
    Posted by fuuuuuggggedddaaabouddit | February 8, 2011 at 10:30 PM

    I dodged a bullet one time when the feds put a lamp with a microphone in my basement. Luckily my daughter took it with her to college.

    Tony S.
    Waste Management
    North Caldwell, NJ

  24. 24
    Posted by fuuuuuggggedddaaabouddit | February 8, 2011 at 10:30 PM

    I dodged a bullet one time when the feds put a lamp with a microphone in my basement. Luckily my daughter took it with her to college.

    Tony S.
    Waste Management
    North Caldwell, NJ

  25. 25
    Posted by BathroomWitch | February 8, 2011 at 10:51 PM

    That’s how my daughter got her start.
    -M Lasry

  26. 26
    Posted by Guest | February 9, 2011 at 2:12 AM

    Yeah well apparently they suck at that too.

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