12:53 pm, October 18th | by Hillary Reinsberg
Here at Mogulite, we often write about fancy houses and the people who worked hard (or are heirs, or something) and get to live in the lap of luxury. But what if you got to live somewhere real slick because you committed a crime? Yep, we’re talking fancy prisons. Curbed took a look at the world’s snazziest jail cells, and let’s just say, it’s really too bad for Raj Rajaratnam and friends that he didn’t commit his crime in Northern or Central Europe.
11:57 am, October 18th | by Amy Tennery
Looks like Federal Prison Camp Alderson is building up quite a bit of clout among high-powered blondes.
3:21 pm, October 13th | by Amy Tennery
11:33 am, October 13th | by Amy Tennery
Raj Rajaratnam, the ringleader in a massive insider trading scheme, was sentenced to 11 years in prison today, according to numerous reports this morning.
This sentence is far more lenient than it could have been: prosecutors had argued for a prison term between 19 1/2 and 24 1/2 years.
1:02 pm, October 12th | by Amy Tennery
Michael Kimelman, the Incremental Capital hedge fund manager who became embroiled in the massive Galleon Group insider trading web, was sentenced to 30 months behind bars today. Kimelman, who was tried alongside codefendants Zvi and Emanuel Goffer, was convicted in June.
But while Kimelman may seem like just another player in a vast securities fraud scheme, there’s one detail that sets him apart from all the other Galleon defendants: he actually turned down a non-jail plea deal.
10:39 am, October 10th | by Amy Tennery
Raj Rajaratnam’s insider trading case may nab yet another notation in the history books this week. After convicted in (arguably) the largest insider trading scheme in history, Rajaratnam may face one of the longest insider trading sentences ever this Thursday, up to a near quarter-century behind bars. This, even though his attorneys argued for a prison term under a decade.
Why the discrepancy?
12:05 pm, October 7th | by Amy Tennery
Former hedge funder Emanuel Goffer was just sentenced to three years behind bars, after being convicted of conspiracy and securities fraud in June. Goffer was a member of a vast insider trading scheme, prosecutors argued, led by Galleon Group leader Raj Rajaranam. He was convicted alongside his brother, Zvi Goffer, who had previously worked with Rajaratnam, and another trader, Michael Kimelman.
9:13 am, October 4th | by Amy Tennery
Raj Rajaratnam, the Galleon Group honcho convicted of masterminding a widespread insider trading scheme, is set to meet before a judge today, making his case for why he doesn’t deserve a lengthy prison sentence.
Although, with his latest argument, you have to wonder whether these things sound better in his head.
5:48 pm, September 27th | by Hillary Reinsberg
Given the rogue trader situation over at UBS, we knew bonuses would be down over there. But we didn’t imagine it would mean bonuses would take a hit at other banks. London bankers say that’s what’s going to happen.
2:30 pm, September 22nd | by Amy Tennery
I’m not sure if this is incredibly weird — or actually really profound and touching. Maybe it’s a bit of both.
Winifred Jiau was sentenced for four years in prison yesterday for her role in an insider trading scheme. And, during her in-court apology, she made a few odd comments. Specifically relating to her pet dog, Hunter.