As previously discussed, Raj Rajaratnam is scheduled to be sentenced next week for his insider trading. The prosecution would like the Galleon Group founder to go away for twenty to twenty four years, while the defense would like way, way less time than that and are banking on the judge being swayed by the argument that Raj is in far too fragile a state for such a lengthy stay, owing to “a unique constellation of ailments ravaging his body.” Whether this excuse will work remains to be seen (and the prosecution has already put it out there that they’re calling bull shit) but today we’ve learned that what appears to sort of work, if you’re writing these down for potential future use, is saying that your kid’s less than stellar crawling skills and/or ability to color within the lines precludes you from going away for too long. Continue reading »
Emanuel Goffer
Judge Semi-Swayed By Former Galleon Group Employee’s Plea For Sentencing Leniency Due To Son’s Slow Start On Crawling
By Bess LevinFormer Galleon employee Zvi Goffer, his Emanuel Goffer and Michael Kimelman, their partner at Incremental Capital, were found guilty this morning on “fraud and conspiracy to commit insider trading” charges. They each face 25 years in prison, meaning it’s going to be along time before another one of these: Continue reading »
Goffer Brothers’ 2-Part Plan For Creating The Impression Of Trading On Fundamentals Rather Than Inside Info Not Exactly Airtight
By Bess Levin
All that effort creating “an encyclopedia of everything” for nothing! Continue reading »
When Zvi “Octopussy” Goffer decided to dip one of his tentacles in the sweetness of insider trading, do you think he realized all that he’d be forced to give up if caught? Obviously we’re not talking about his wife, child, and freedom to wear tracksuits here, but rather the chance to wake up with his brother and a bunch of other dudes the morning after what appears to have been quite the rager?
Just going to throw out some Facebook Status Updates Of Greatness, from one of today’s accused criminals:
Here at Dealbreaker we like to get to know our accused criminal subjects on a more personal level. Obviously, this involves checking them out on Facebook. While the supposed ringleader of the today’s scam, Zvi Goffer, has yet to accept our friend request, Emanuel Goffer (Zvi’s younger brother), one of the fourteen lucky ones charged today, helpfully counts himself among one of the last five people on earth with completely public profiles (at least for the next few minutes or so). EG’s interests include “Wall Street, Money, Trading, Steak,” his favorite quote is one by Warren Buffett that goes “It takes 20 years to build a reputation and five minutes to ruin it– if you think about that, you’ll do things differently,” and he’s a member of the group “Traders who need a hug.”
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