Galleon Paid Banks $250 Million For Insider Tips: Financial Times

ft.com:

The Galleon hedge fund at the centre of an insider trading scandal paid hundreds of millions of dollars a year to its Wall Street banks and in return regularly received market information that would not have been disclosed to most investors, executives familiar with the matter say.

Read the whole story: ft.com

Comments

[duxguts]

I'll bet you that not one single person from the banks involved ever goes to jail.

[msjimmied]

This should be interestin­g....unles­s they bury it. The squid can't take all this heat, their PR department aint up to snuff.

http://www.businessinsider.com/goldman-sachs-and-morgan-stanley-cannot-afford-to-remain-silent-on-galleon-charges-2009-10

[mhazard]

Why aren't the bank officials in jail?

[nextuser]

same old same old. stock market surging. more job loss. no heath care reform. no extension of unemployment benefits. more same cr4p.

good articles; http://financeopinionss.blogspot.com

no point in voting

[itolduso]

Martha Stewart went to JAIL for less.... are any of these jokers going to do time?

[bgofca]

why do some people think they are entitled to make money off of others suffering. Why do they think they are worthy to receive this ill gotten wealth at the expense of others?