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The Wharton School: Where the Magic Happens!

At first, the FBI considered sending an agent to work undercover at one of the suspected hedge funds …

“We couldn’t get in. It was such a closed industry — much like an organized crime family — that it was difficult for the FBI to either introduce an undercover agent or recruit a cooperator.”

Corrupt traders relied upon secret alliances, longtime friendships and even sexual relationships.

… [Raj] Rajaratnam relied on Anil Kumar, a former McKinsey partner, and Rajiv Goel, a former managing director at Santa Clara, California-based Intel, whom he’d known for decades. All three attended the Wharton School at the University of Pennsylvania in Philadelphia.

Margaret Soltan, December 21, 2011 3:21PM
Posted in: beware the b-school boys

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6 Responses to “The Wharton School: Where the Magic Happens!”

  1. Mike S. Says:

    Once arrested the guys from the B-school set began to sing a lot faster than the mobsters did.

  2. Margaret Soltan Says:

    Mike S. Yes – they were really fast.

  3. GTWMA Says:

    A little holiday cheer for all…

    Working in a Wharton wonderland

    Cell phones ring
    Are you buying?
    Inside trade
    and some lying
    A profitable scheme
    A hedge funder’s dream
    Working in a Wharton wonderland

    One hundred plus may be jailbirds
    Caught on tape in their own words
    Trapped by the feds
    Asleep in their beds
    Working in a Wharton wonderland

    In the market we can place an expert
    Then pretend to make a legal deal
    We’ll say: “Give us info”
    He’ll say; “Yogurt
    Merger soon, buy
    now, it’s a steal

    Later on
    we’ll conspire
    as we dream by the fire
    To count unafraid
    The billions we’ve made
    Working in a Wharton wonderland

    In the market we can build an expert
    and pretend to make the market run
    We’ll make lots of dough with mister expert
    Until the G-men find out what we’ve done

    When we hedge
    Ain’t it thrilling
    As your pockets are a-filling
    We’ll lie every day
    The B-School way
    Working in a Wharton wonderland

  4. Margaret Soltan Says:

    GTWMA: So wonderful that it makes me want to write one of my own. Something to do on the long drive to Boston. Thanks.

  5. GTWMA Says:

    Had the carols going this morning and the alliterative “W” just leapt out and bit me.

  6. JND Says:

    Hey! I went to Wharton, and I didn’t get ANY of this illicit money. My mistake for going into manufacturing instead finance?

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