05.28.10

Corruption Around Microsoft Shares Settled

Posted in Finance, Fraud, Microsoft, Novell at 8:54 pm by Dr. Roy Schestowitz

The company which made corruption a standard
practice, a ‘norm’ to merely be settled

Summary: Pequot to settle for $28 million after illegal behaviour (inside trading); new shuffles at Microsoft after an inside-trading president, Robbie Bach, left the company

THE Pequot case is one that we previously covered in [1, 2, 3]. This case of fraud — just like Microsoft's fraud and Novell's fraud — ends up being settled (which is often an implicit admission of guilt).

Pequot Capital Management and its chief executive, Arthur Samberg, agreed to pay $28 million to settle the SEC’s charges that the firm traded shares of Microsoft based on insider information.

As a side note, now that Microsoft struggles to reinvent itself [via] and key people are leaving [1, 2], we happen to find out that “MSFT switches E&D CFO Mindy Mount to online services,” according to Tartakoff who reads many Microsoft insiders’ comments. It’s truly a game of musical chairs after the inside trader Robbie Bach left this company. █

“Behind every great fortune there is a crime.”

–Honor de Balzac

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