Friday, October 07, 2011

George Soros: Criminally Guilty of Insider Trading

Soros, the Nazi-loving Hungarian Jew who made a billion dollars shorting the pound lost his appeal of an insider-trading conviction in France in 2002.
The French criminal case hinged on trades that the Hungary-born investor had executed 14 years earlier in the stock of Société Générale that reaped his hedge fund, the Quantum Fund, $2.9m in profits.
Mr Soros was found by the court in 2002 to have had inside knowledge about the intentions of a group of super-wealthy French investors – the “golden granddads” – to bid for the bank.
Although the bid failed, Mr Soros’s fund profited by buying shares before – and selling after – the group’s intentions became public and resulted in a spike in SocGen’s share price.
Mr Soros was fined €2.2m (£1.9m), later reduced to €940,507 on appeal.
At the time, Mr Soros described the guilty verdict as a “gift to my enemies”.
He is now left with one final, unlikely, chance to rid himself of his conviction: an appeal to the grand chamber of the ECHR. Such appeals are only heard on an “exceptional basis”, according to the court’s rules.

This criminal Soros is, of course, one of the prime movers along with the lame stream MSM and POTUS O'Bozo insurrectionary "Occupy Wall Street" anarchy that demonstrates that when you have no policy or intelligence, rousing up the rabble is about the last best hope a criminal administration and its criminal supporters have left to rely on.

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