‘Super Bowl Parties’
The SEC’s anonymous tipster told a different story, saying Galleon’s limited partners held positions such as chairman, chief financial officer and director at large public companies. These insiders faxed privileged, nonpublic financial and product data to Galleon managers before public release.
"In return, the fund provides greater returns on their money," the tipster said. "This is a great formula, totally at the expense of poor, common weakly behaving investors."
Courtesy :- the island 27/2/2011 " unquote
Full story can be read here
Last edited by Quibit on Sun Feb 27, 2011 7:49 pm; edited 2 times in total (Reason for editing : format condensed)