Stock scams still lurking

[italkcash]

With the arrest of Raj Rajaratnam, called the biggest Hedge Fund insider trading scam on Wall Street to date, it simply shows us that Wall Street is far from letting go on stock scams.

Raj Rajaratnam is just one case out of many this year. Remember Bernie Madoff?

It seems that the crisis has brought out some of the shady characters on Wall Street and elsewhere around the world involved in stock scams. It was not always like this. Wall Street regulators were less regulated in the past, and it was a well known fact that brokers on the stock exchange bid with their own money before purchasing on behalf of a client on the very same stock.

With the huge diversity in the stock game, including derivatives, hedge funds, offshore companies to hide the tax gains and so on, investors and traders has unlimited options to hide their dirty play.

Of course pump & dump, stock flotation and insider trading is happening on a worldwide scale, with only a small tip of the iceberg discovered. Just because Raj and Bernie, to name just a very few of the many cought this year, were cought does not mean there are no other people out in the street doing financial nono's.

Time will tell how many more people are doing deals under the table, but with the magnitude and probability of people involved in playing the market in a non legal way, most of them will probably never get cought.

[Money_maker]

hi,

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