econscius

George Soros, Convicted of Insider Trading

In Financial Fraud, George Soros, Oil on March 25, 2012 at 11:54 pm

Convicted and upheld. 

Those are the facts about George Soros and insider trading.  Soros is a prime financial backer of many groups from the Left, some affiliated with Occupy groups.  Soros was quoted as saying he shares Occupy goals. [3]  It is ironic, indeed, the money man behind many groups like ThinkProgress joined the ranks of convicted inside traders himself in 2002.

Oct. 6 (Bloomberg) — Billionaire investor George Soros lost a challenge to his 2002 insider trading conviction, with the European Court of Human Rights saying French market regulations were clear enough to hold him responsible.  France didn’t violate Soros’s rights in punishing him criminally for trading on inside information about Societe Generale. [1]

A brief overview of Soros-affiliated groups may be found in note 2 below.

[1] http://www.businessweek.com/news/2011-10-06/soros-loses-case-against-french-insider-trading-conviction.html

[2] http://www.humanevents.com/article.php?id=42674

[3] http://www.ibtimes.com/articles/224767/20111004/occupy-wall-street-protests-banks-bailout-george-soros.htm

 

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