State Department ‘LOSES’ Smoking Gun Email of Possible Clinton Insider Trading

State Department ‘Loses’ Smoking Gun Email of Possible Clinton Insider Trading:

A notorious email between State Department aide Jake Sullivan and a Clinton Foundation employee exposing financial conflicts of interest by the former Secretary of State has “mysteriously” disappeared.

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Hedge Fund Manager Charged In Insider Trading Case Commits Suicide

Hedge Fund Manager Charged In Insider Trading Case Commits Suicide:

Last week, we reported on the historic insider trading bust that took place at the soon to be sold Visium Capital, in which, among other accusations, U.S. Attorney Preet Bharara in Manhattan charged Sanjay Valvani of fraudulently making $25 million by gaining advance word about U.S. Food and Drug Administration approvals of generic drug applications. Moments ago, Dow Jones reported that the same Sanjay Valvani, charged in the Visiuam insider trading case, was found dead this morning in an apparent suicide.

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Partner Of “China’s Carl Icahn” Executed By Local Police After Attempting Escape Following Insider Trading Charges

zexi investment

Partner Of “China’s Carl Icahn” Executed By Local Police After Attempting Escape Following Insider Trading Charges:

Ok, this is China: crazy things happen all the time. But where things got outright ridiculous, was when moments ago when as China National Radio reports, Wu Shuang, a partner of Xu Xiang’s at Zexi, and also an insider trading suspect, was shot and killed by Chinese police when he “resisted and tried to escape.”

Most Transparent Insider Trading Congress Ever Tells SEC To Shove it

Most Transparent Insider Trading Congress Ever Tells SEC To Shove it (ZeroHedge, July 28, 2014):

“Do as we say, not as we do,” appears the modus operandi of the current administration’s increasingly totalitarian regime. Today’s edition of ‘wait, what?’ comes from The WSJ who report that The U.S. House of Representatives told a federal court Friday it should dismiss a lawsuit filed by the SEC (regarding the long-running insider-trading investigation) because Congress is lawfully allowed to ignore requests to turn over records and testimony to the executive branch agency. Arguing “sovereign immunity” and responding in a rather snarky (almost “do you know who we are?” manner), House attorneys blasted the SEC’s “fool’s errand.”

As WSJ reports,

The U.S. House of Representatives told a federal court Friday it should dismiss a lawsuit filed by the Securities and Exchange Commission because Congress is lawfully allowed to ignore requests to turn over records and testimony to the executive branch agency.

“Rather than acknowledge the fool’s errand on which it has embarked, the SEC instead invites this court to join it by disregarding fundamental limitations on judicial authority,” wrote House attorneys in a new court filing.

Read moreMost Transparent Insider Trading Congress Ever Tells SEC To Shove it

Crony Capitalism Comes To China – Ex Central Bank Chief’s Son-In-Law In Insider-Trading Scandal

–  Crony Capitalism Comes To China – Ex Central Bank Chief’s Son-In-Law In Insider-Trading Scandal (ZeroHedge, July 7, 2014): 

As China’s anti-corruption crackdown continues, the crony-capitalists are slowly exposed. As EJ Insight reports, the son-in-law of former PBOC governor and former Tianjin mayor Dai Xianglong bought millions of dollars of shares (via offshore entities) ahead of Beijing’s decision to allow mainland residents buy Hong Kong stocks directly. It appears the Chinese have learned a lot from the West.

Billionaire Investor Carl Icahn Investigated In U.S. Insider Trading Probe

Icahn, Mickelson are investigated in U.S. insider trading probe: source (Reuters, May 31, 2014):

The U.S. Federal Bureau of Investigation and the Securities and Exchange Commission are investigating possible insider trading involving billionaire investor Carl Icahn, golfer Phil Mickelson and Las Vegas gambler William Walters, a source familiar with the matter said.

Federal investigators are looking into whether Mickelson and Walters may have traded illegally on private information provided by Icahn about his investments in public corporations, the source told Reuters, confirming reports on Friday.

Read moreBillionaire Investor Carl Icahn Investigated In U.S. Insider Trading Probe

53% Of Bankers Say Ethics Inhibit Career Progression – Here’s Why

53% Of Bankers Say Ethics Inhibit Career Progression – Here’s Why (ZeroHedge, Nov 26, 2013):

The Economist found, rather sadly, despite all the glad-handing and happy-talk, that 53% of financial services executives believed that strict adherence to ethical conduct would make career progression difficult. As this former Wall Street trader told The Guardian, “a precedent needs to be set, to slow down Wall Street’s wild behavior. A reminder that rules are there to be followed, not exploited.” The reason, among others, is summed up by the following, “if a customer wants a red suit, you sell them a red suit. If that customer is Japanese, you charge him twice what it costs.”

Via The Guardian,

My first year on Wall Street, 1993, I was paid 14 times more than I earned the prior year and three times more than my father’s best year. For that money, I helped my company create financial products that were disguised to look simple, but which required complex math to properly understand. That first year I was roundly applauded by my bosses, who told me I was clever, and to my surprise they gave me $20,000 bonus beyond my salary.

The products were sold to many investors, many who didn’t fully understand what they were buying, most of them what we called “clueless Japanese.” The profits to my company were huge – hundreds of millions of dollars huge. The main product that made my firm great money for close to five years was was called, in typically dense finance jargon, a YIF, or a Yield Indexed Forward.

Read more53% Of Bankers Say Ethics Inhibit Career Progression – Here’s Why

Harry Reid Claimed Income Taxes Are ‘VOLUNTARY’ (Video)

Blast from the Past: Harry Reid Claimed Income Taxes are “Voluntary” (Liberty Blitzkrieg, Oct 14, 2013):

With Harry Reid in deep negotiations with crony Republican fraud Mitch McConnell, the American public is surely in the process of getting royally screwed once again. Thus, it seems like an appropriate time to revisit an interview in which Mr. Reid claimed on camera that income taxes are “voluntary.” He must have accidentally described the way members of Congress view taxes, you know kind of like how they view insider trading.

As you watch, try not to get too distracted by Jan Helfeld’s tie. Where can you even buy something like that?!


YouTube Added: 23.08.2008

Description:

Jan Helfeld interviews Senator Harry Reid about redistributive taxes.

Read moreHarry Reid Claimed Income Taxes Are ‘VOLUNTARY’ (Video)