Enron did not teach lessons...
Last week the authorities claimed to have solved the mystery of the smelly trainer trades when they arrested employees at two of the world’s most prestigious banks. They said it was one of the most extraordinary insider-dealing scams of all time. As well as high-flying bankers and Croatian cleaners, the scam involved forklift-truck drivers from Wisconsin, an exotic dancer from New York and even a film script written by one of the alleged perpetrators that spookily parallels the charges against them.“This is one of the most brazen and pervasive insider-trading cases we have ever seen,” said David Markowitz at the New York office of the Securities and exchange Commission (SEC). In court papers the SEC and FBI claim that Anticevic’s nephew, David Pajcin, a 29-year-old former Goldman Sachs bond research analyst, was the person really responsible for her sudden fortune. ...continues here!