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 »
Incremental Capital
Judge Semi-Swayed By Former Galleon Group Employee’s Plea For Sentencing Leniency Due To Son’s Slow Start On Crawling
By Bess Levin
Perhaps inspired by how well Raj Rajaratnam’s decision to plead not guilty and take his insider trading charges to trial, Zvi Goffer AKA Mr. Octopussy AKA Dances with Tracksuits has done the same, a week after having six extra accusations of securities fraud added to his file. Continue reading »
Ahead of his trial for insider trading, the array of insider information that Zvi Goffer AKA Mr. Octopussy AKA Dances with Tracksuits allegedly dipped each and every one of his tentacles in has resulted in 6 extra charges, bringing the ex-Galleon trader and founder of Incremental Capital’s total to 14. Continue reading »
Yesterday was apparently not the first time Emanual Goffer has been accused of wrongdoing in conducting his biz. In 2003 Boston.com outted Emanuel as the owner-operator of a cheat-sheet note system for coeds at Boston University. Goffer’s firm, which he called Beantown Notes, operated out of Boston on Beacon Street. The University’s lawyer sent a cease and desist order to Goffer’s firm, threatening to sue if they didn’t shut it down. Goffer conceded, and moved on to bigger and better things, like (allegedly) trading on material non-public information with his brother, Zvi. Speaking of: Dealbreaker, in an attempt to learn more about Team Goffer, reached out to Dalia Goffer, the boy’s mother yesterday, and asked if she thought the FBI had arrested the wrong guys. In an email sent late last night she responded:
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?
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