Adam Smith

  • 20 Jun 2011 at 11:43 AM

Today In Lines That Might Not Work When Attempting To Convince A Colleague You’re Not Trying To Get Him/Her To Admit Securities Violations On Tape

By Bess Levin

They include the word “dude” and “100 percent.” Continue reading »

  • 29 Mar 2011 at 3:19 PM

Reader Poll: At What Point Does Raj Rajaratnam’s Lead Lawyer Start Frantically Searching For The Handle To The Trap Door In The Floor?

By Bess Levin

Is it soon after ex-Galleon employee Adam Smith told the jury that whereas standard research jobs at hedge funds require analysts to “do your homework ahead of time,” he was expected to “cheat on the test“? Or do we have another few weeks? In related news, how long before Raj convinces the little brother always willing to take a bullet for him to pull a Jose Canseco while Raj maxes and relaxes on the beach? [Bloomberg]

  • 29 Mar 2011 at 11:58 AM

Former Galleon Employee: Raj Told Me To Feel Free To Insider Trade During My Time At The Firm

By Bess Levin

A former hedge fund executive says his ex-boss gave him the green light to break the law by gathering secrets about the technology industry. Adam Smith testified Tuesday that Raj Rajaratnam’s Galleon used the information to “get an edge” on massive trades. Smith secretly pleaded guilty last year. He agreed to record phone calls in the far-reaching investigation of Wall Street misdeeds. [AP]