To the list of difficulties in prosecuting securities fraud, let’s just say people who’ve pleaded guilty to insider trading do not make the most credible witnesses.
Exhibit A: Michael Cardillo, a former-Galleon Group trader who is cooperating with the government’s case against Rajat Gupta, the one-time McKinsey & Co. CEO charged with feeding tips Read More
Caryn Eisenberg took the witness stand this morning in a black halter top covered by a sequin-studded cardigan and told jurors that Rajat Gupta was among a select group of confidants who could reach Galleon Group founder Raj Rajaratnam during his busiest trading hours. She wore a gold medallion and seemed to conceal a nervous Read More
Another big insider trading trial kicks off, a Morgan Stanley analyst cut Facebook projections ahead of Friday’s IPO and the day’s dose on JPMorgan trading losses. And still more in today’s Wall Street roundup.
What’s Good for the Gupta: The trial of former McKinsey & Co. chief executive Rajat Gupta opened yesterday, and legal Read More
