Word: insiderism
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If you didn't already feel like a financial ingenue in the wake of last year's Wall Street meltdown and Bernie Madoff's massive Ponzi scheme, maybe the government's latest insider-trading case will help put you over the top. Federal prosecutors have charged six people with conspiracy...
The case is being billed as the largest hedge fund insider-trading case in history - its importance underscored by the fact that the feds got a wiretap to collect evidence, a technique normally reserved for drug busts and organized crime. "This is a monumental step for the government," says Stetson...
The news did not exactly come as a shock. Just two months before he was arrested on charges of insider trading on Oct. 16, billionaire Raj Rajaratnam described his job managing the New York City-based Galleon Group hedge fund as "a business in which you eat only what you...
So the only Spears circus that folks are seeing these days is onstage at sold-out auditoriums. "The good news is, she's been able to re-create herself and finish the U.S. tour," says the insider. "While people in Hollywood love seeing a downfall, they are all about seeing...
The Spears insider says the pop star can "resent" the controls and that it gets worse when she's not touring, like now. "If you are on summer vacation, you are going to resent your parents," says the source, who hopes that we've seen "the end of the bad...