Robert Khuzami

  • If I were Fab I'd just get up on the stand and be like "I told those dopes at ACA like fifty times that Paulson was short, I don't know why they heard the opposite." At this point wouldn't you believe him over a bunch of people who are all "I don't remember who told me what"?

    News

    SEC’s Witnesses Against Fab Tourre Have Nothing But Nice Things To Say About Him

    I haven’t been following Fabrice Tourre’s trial all that closely but I gather that the main evidence against him is that a Goldman saleswoman, Gail Kreitman, told her client ACA Capital Management that Paulson & Co. was going to be a long investor in a CDO called Abacus. That turned out to be false, and […]

    / Jul 23, 2013 at 12:35 PM
  • steve-cohen-SAC-Capital

    News

    The Feds Are Struggling To Understand Why Mathew Martoma Won’t Just Turn On Steve Cohen Already, God Damn It

    “We have been remarkably successful in convincing persons to cooperate with the government, and provide evidence to us, and in court of law,” SEC director of enforcement Robert Khuzami said during a press conference the day the government went public with its charges of insider trading against former SAC Capital employee Mathew Martoma. To the untrained ear, Khuzami probably appeared to be speaking to no one in particular, just sending a general message to any would-be criminals out there that once the government got to their co-conspirators, it’d be all over. No one wants to do time, and everybody flips. To those who’ve been following Operations Perfect Hedge, though, and have watched the Feds’ relentless pursuit of Steven A. Cohen,  it was obvious they were sending a clear message to the Big Guy: “We got ya boy, and ya goin’ down.” And since its track record of getting people to turn on their colleagues and in some cases, their best friends (see: Noah Freeman/Donald Longueuil, and these guys, and these guys, and this guy) really has been “remarkably successful,” and since Martoma has a wife and two young kids and his whole life ahead of him, Khuzami and Co. probably assumed they had this one in the bag. But not so.

    / Dec 14, 2012 at 12:49 PM
  • News

    Tiger Asia’s Founder Is Happy To Have Learned His Lesson Re: Wire Fraud And Insider Trading

    Earlier today, Bill Hwang, the founder of the Tiger Cub’s Asia-based branch, Tiger Asia, pleaded guilty to one count of wire fraud and agreed to fork over $44 million to make allegations by the SEC of insider trading in Chinese bank stocks go away. According to Hwang, his firm “regrets the actions for which is accepts responsibility today and is grateful that this matter is now resolved.” According to SEC director of enforcement Robert Khuzami, who we would love to consider a side job writing fables for children* about foxes who trade on unreleased information about clinical trials of Alzheimer’s drugs and take advantage of innocent hens, Hwang was a very bad boy and should serve as a cautionary tale for anyone thinking about breaking the law.

    / Dec 12, 2012 at 4:44 PM
  • News

    SEC: Phil Falcone Has A Lot Of Wisdom To Impart, Re: How To Be A Fraud

    “Today’s charges read like the final exam in a graduate school course in how to operate a hedge fund unlawfully,” Robert Khuzami, director of the S.E.C.’s division of enforcement, said in a statement. “Clients and market participants alike were victimized as Falcone unscrupulously used fund assets to pay his personal taxes, manipulated the market for […]

    / Jun 27, 2012 at 3:10 PM
  • News

    Securities And Exchange Commission Announces Plans To Keep Close Tabs On Any Moderately Successful Hedge Funds

    Are you a hedge fund that’s made it a habit of doing right by your clients? Just barely justifying your fees? Doing your job? SEC director of enforcement Robert Khuzami is on to you. He knows the only way anyone could beat the market by 3 percent (or what he calls “aberrational performance”) is by […]

    / Mar 29, 2011 at 10:42 AM
  • News

    It Was Just An IQ Issue, We’ve Got It All Cleared Up Now

    Is the SEC drowning in a wading pool of ignorance? Have no fear. The Commission is getting “…more smarter, more swifter, more successfuler….” at least if you believe Robert Khuzami, sometime federal prosecutor made SEC enforcement chief. It seems that the new focus over at the SEC will be to hire smart guys. Really smart […]

    / Apr 29, 2009 at 10:58 AM

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