Let the shitstorm that is called insider trading begin now.
UPDATES:
More names, including Michael Leung (not charged) and David KP Li (not charged), are disclosed as the transcontinental insider trading is unfolding rather rapidly.
It's 20 years since we have the last Wall Street. Let's bring back Mr. Zeta-Jones as Gordon Gekko flanked by suspenders. It's time to have another Wall Street. Greed is good and every dream has a price. A crime is not a crime until you got busted by the SEC and got butt fucked in the Big House. Good luck all insiders.
Face of the alleged insider tradingCharlotte Ka On Wong Leung, one of the two alleged insider traders, so far.
I think the SEC is still trying to figure out what the name is supposed to be, like what is the family name, the given names .... Let me help, Leung is her maiden name, Wong is her adopted family name taken from her husband, Charlotte is her English name, Ka On is her given name.
Aren't HK people smart and money-wise? In a matter of days, i.e. from April 13 to April 30, they're set to make a profit of US$8.1 million on Dow Jones shares, way more than many mediocrities earn in several lifetimes.
ReplyDeleteThese two guys must be some cronies of Murdoch's Chinese wife.
I have also heard about this news in the morning news but didn't follow into details. How can these clever guys just played a little tatics then earn the easy money that many of us cannot afford for our whole year. For me, just a few thousand dollars per month can almost kill me.
ReplyDeleteI'd like to quote the Dire Straits:
ReplyDelete"Look at that. Look at that." For some folks, it's "money for nothing; chicks for free." Like it or not. "That ain't working. That's the way you do it."
I think Merill Lynch was the snitch who blew the whistle on the suspicious trading prior to the takeover announcement.
ReplyDeleteGreed is good. Greed works, greed is right. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed in all its forms, greed for life, money, love, knowledge, has marked the upward surge of mankind.
ReplyDeleteGordon Gekko, Wall Street.
That said, if you get caught, you will be penalised 3 times of what you made in your insider trade. Before you do it, think again!
Vincent, 33 Tsing King Road
Seriously, they are talking about making Wall Street the sequel. Hope we don't see M Douglas in adult diaper and walker.
ReplyDeleteMaybe you can come up with a Hong Kong version, crazed wp2006 can add another dimension to the story. You can come up with a juicy script and maybe you beat Hollywood in production then they will buy your script. Sid can help too. Yeah, that's the iron triangle of script writing.
You're certainly quick in breaking the scoop to us, man. I watched it on TV news yesterday evening and most of today's major papers, excluding SCMP, carry this piece as their headlines. So Ms Leung or Mrs Wong and her hubby are headliners in HK and many parts of the world. Like Larry King, you brought the international headliners to us a day earlier.
ReplyDeleteI don't think it's a very smart thing to do having bought up 20% of the daily trading volume of a relatively inactive stock, and hoping that the SEC wouldn't notice. What do you guys think? And the father was as guilty as the daughter and son-in-law because he lent them millions of dollars to accomplish the cash flow manoeuvres for those transactions. The old man certainly knew what the cash was destined for and what his daughter and son-in-law were doing.
I was wondering how the SEC is able to prove, even on the balance of probabilities as this is a civil lawsuit so far, that these guys got insider information. I reckon that in this kind of cases, what lawyers call the negative averment is applicable, i.e. the defendents need to prove that there's no insider information once the SEC has established the facts of the case.
It's therefore reasonable to expect some sort of court dramas in the not-so-distant future between these greedy guys and the US government.
This bitch is in good look, Hi, guys, do you know what when I first came acorss this news in the morning TV, my first impression is whether Goldman Sacc of Vincent Lau is involved, or Vincent on the most wanted list of FBI. If Vincent has an affair with this bitch, I wouldn't surprise. OK, add my imagination in your script and we can get some money from Hollywood
ReplyDeletewp2006:
ReplyDeletewe shouldn't id any commenter's name, profession, or any affiliation unless the person does it himself.
I don't think that's good practice of you.
Anonymity is the rule of the game in blogosphere.
ReplyDeleteYeah, you are right, I always made such careless mistakes, Thus I always fuck up in my workplace and in my marriage
ReplyDelete