Mar 10 2011 | 5:29pm ET by Deirdre Brennan
A few years back we had arch-Ponzi schemer Bernie Madoff, and all the fun Bernie related paraphernalia that came with him: toilet paper so you could wipe your butt with Bernie’s smug mug; golf balls so you could hit Bernie in the, well, balls. You get the idea. With Lehman’s demise and Bear Stearns’ downfall we saw a fire sale of all things emblazoned with their logos…tee shirts, hats, mugs, old business cards, the works.
As the much publicized insider trading trial of Raj Rajaratnam began yesterday, I got to thinking about just what fun sort of knickknacks I may find on eBay or Amazon. So I googled, and I googled, and I googled. Surely some entrepreneur or former (and now unemployed and starving) Galleon Group employee would use this moment to make a few bucks. Not so. I found zip. No Galleon stress ball, no baseball hat, not even a chewed pen.
Now, this is supposedly the biggest insider trading trial ever, isn’t there some sort of commercial value to be gleaned from Galleon’s sunken ship? If someone finds something out there, please send me a link or a photo, or even, dare I ask, a real live business card!
Here at FINalternatives we keep what we call ‘The Wall of Shame.” It is mostly the business cards of hedge fund managers who we either once interviewed for a story or met at an event and are now in the clink (or on the lam, that would be you Gad Grieve). Alas, none of us ever did meet Raj and his cohorts, but as he is taking up so much of our ink these days, we’d really love a memento.
Mar 17 2014 | 9:30am ET
“Transparency” has become a touchstone for investors in the post-Madoff world but, according to Carl Lingenfelter, chief administration officer at Northern Trust Hedge Fund Services, it's a concept that has evolved over the past five years from fraud protection to risk management to investment performance. Read more…
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…