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Another SriLankan scammer in Australia
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<blockquote data-quote="warwickuni" data-source="post: 29301308" data-attributes="member: 101444"><p>He is advocating against Insider Trading as a criminal offence. He also wrote a book while in prison "Uneven justice : Plot to sink Gallion". According to him the prosecution was targetted to his very successful hedge fund which ranked top at the time. Though he used his conviction to criticize the statutory offence of 'insider trading' it is direct indictment of US justice system which is 'corrupted' by plea bargaining + usage of evidence of accomplice. He had admitted 'tips' or insider information being obtained but he said that there were lot of 'noise' and should be able to filter them. There were lot of wire-tapping evidence being admitted in court , and his defence was that this was the usual practice in fund management. He had contributed for rehabilitation of child soldiers....</p><p>We do have our own Insider Dealers in CSE, Share Market who later became champions of public good and few having presidential ambitions ...</p><p>NB</p><p>In Sri Lanka Insider Dealing is a criminal offence only in Shares and NOT FOR BONDS . CBSL is not advocating in creation of such an offence .So much for the hype and commissions and pour the public money down the drain....</p></blockquote><p></p>
[QUOTE="warwickuni, post: 29301308, member: 101444"] He is advocating against Insider Trading as a criminal offence. He also wrote a book while in prison "Uneven justice : Plot to sink Gallion". According to him the prosecution was targetted to his very successful hedge fund which ranked top at the time. Though he used his conviction to criticize the statutory offence of 'insider trading' it is direct indictment of US justice system which is 'corrupted' by plea bargaining + usage of evidence of accomplice. He had admitted 'tips' or insider information being obtained but he said that there were lot of 'noise' and should be able to filter them. There were lot of wire-tapping evidence being admitted in court , and his defence was that this was the usual practice in fund management. He had contributed for rehabilitation of child soldiers.... We do have our own Insider Dealers in CSE, Share Market who later became champions of public good and few having presidential ambitions ... NB In Sri Lanka Insider Dealing is a criminal offence only in Shares and NOT FOR BONDS . CBSL is not advocating in creation of such an offence .So much for the hype and commissions and pour the public money down the drain.... [/QUOTE]
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