By Foster Kamer 2/17/12 6:21pm

FINANCIAL CRIMINAL OF THE DAY

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How to Get Arrested for Insider Trading, in Two Easy Steps

A tech analyst named John Kinnucan was arrested today, accused of insider trading on tech companies that resulted in $110 Million in illegal, insider trader-y gains. Maybe as important as his crime is the example he sets for future generations of those whose lifelong dream it is to get your door busted down by the F.B.I., arrested for insider trading, and consequently extradited to New York for trial.

Mr. Knnucan’s experiences set a handy, simple, two-step example for those seeking to tread the same path he’s taken: Read More

By Foster Kamer 1/13/12 5:10pm

Fancy New Jobs

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Raj Rajaratnam’s Star Prosecutor, Jonathan Streeter: Fence-Jumping Sellout!

Disgraced Galleon Group chief Raj Rajaratnam—better known to the world as “Big Raj” or simply “Raj Raj”—was sent to the slammer for 11 years after being busted for insider trading last year, in what was 2011′s most high-profile financial crime trial. Now one of the guys who helped send him there is moving to greener pastures. “Greener,” as in, he’ll be making exponentially more cash likely defending the guys he used to send to the pen. This is how the world works! Read More

By Foster Kamer 10/13/11 11:38am

Hard Time

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Big Raj and Bernie, Friends Forever: Rajaratnam Receives Record Prison Sentence for Insider Trading, Reportedly Sent to Madoff’s Pen

Raj Rajaratnam is likely in the market for some new “inside” tips about now: how he’s going to survive eleven years in prison, the sentence for the $64M worth of insider trading he was recently found guilty for that was handed down today. UPDATED: It’s being suggested that Raj is going to the same prison as Bernie Madoff, The Federal Correctional Complex in Butner, N.C. Read More