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...successfully prosecute a person who receives insider information and then trades on it (such as a hedge-fund manager), the government must show that the person knew the information came from a breach of duty. In the case of Rajaratnam's alleged Google stock tip, he didn't talk to the source of the information directly but rather to a middleman informant. That middleman purportedly told Rajaratnam who the tipster was - thus revealing the breach of duty. For that particular charge, that communication is key. (See pictures of crime in Middle America...

Author: /time Magazine | Title: Arrests Open a Window on Hedge-Fund Culture | 10/21/2009 | See Source »

...corps. In 2004, he abandoned the army to join Lashkar-e-Jhangvi (LeJ), a vicious sectarian terror group from Punjab. "He knew how the army functions," says Shaukat Qadir, a retired brigadier turned analyst. "That's why he organized this attack better than others could have done." The embarrassing breach of the heavily fortified headquarters was made possible through artful disguise, military officials said. The vehicle bore army license plates and the emblem of the General Headquarters (GHQ) on its windshield. The attackers dressed themselves in army fatigues...

Author: /time Magazine | Title: Why Pakistan Must Widen Hunt for Militant Bases | 10/13/2009 | See Source »

...shocking breach of security, a suicide bomber posing as a paramilitary soldier blew himself up Monday inside the heavily fortified offices of the United Nations World Food Program (WFP) in a tightly controlled part of the Pakistani capital of Islamabad, killing at least five of the humanitarian agency's staff, Pakistani officials said...

Author: /time Magazine | Title: Suicide Attack on U.N. Office in Pakistan Kills Five | 10/5/2009 | See Source »

Niklas Zennstrom and Janus Friis are suing eBay, based in San Jose, Calif., and a consortium of investors that includes private-equity firms Silver Lake, Andreessen Horowitz (co-owned by Netscape's Marc Andreessen) and the Canada Pension Plan over the breach of a software-licensing agreement. (Read "eBay Sells Skype for $1.9 Billion...

Author: /time Magazine | Title: The Skype Founders' Revenge Against eBay | 10/1/2009 | See Source »

...Kenyan Anti-Corruption Commission resigned. (Outrage had followed Kibaki's decision to reappoint Aaron Ringera earlier this month despite his failure to confront corruption.) Though Ringera's resignation was considered a good sign, the Kenyan government's primary response to the letters was to accuse Obama of a breach of protocol for writing to the 15 officials directly rather than to Kibaki. Instead of acknowledging the slow pace of reform, Foreign Minister Moses Wetangula suggested that actions like the U.S.'s could "precipitate the hardening of the mood over the reform process." Then Kenyan officials blamed U.S. ambassador Michael Ranneberger...

Author: /time Magazine | Title: The Talk of Kenya: What Does Obama Have Against Us? | 10/1/2009 | See Source »

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