Roomy Khan, Galleon Insider Trading Informant, Tipped Off Several Other Hedge Funds, Destroyed Evidence

nytimes.com:

NEW YORK (Reuters) - Roomy Khan, one of several former traders cooperating with the prosecution of the biggest U.S. hedge fund insider trading case, told a judge she tipped several people at hedge funds with inside information on companies to make money from trades, according to a court document.

Read the whole story: nytimes.com

Comments

[NoMoreBail2]

We, the American people, dug ourselves into this hold for which there is no escape.a

hat tip to: http://financeopinionss.blogspot.com

[ebanks84]

Just goes to show that money IS the root of all evil. Good people do dastardly things to acquire it even knowing that what they are doing is illegal. And until they get caught, they could care less. That's human nature and any one of us could have done the same thing if we were in those positions.

How did we become so weak for that green dollar bill? It's because our construct (the society in which we live) works best when you have money and that's it in a nutshell.

[Spiritgirl2]

More people that need to go to jail, go directly to jail - DO NOT PASS GO, DO NOT COLLECT YOUR PERCENTAGE!!!

[Nelson Jacobsen]

Considering that they were getting the information from a company that is still front loading trades this should not be a surprise.