{"id":107539,"date":"2014-02-07T23:10:55","date_gmt":"2014-02-07T23:10:55","guid":{"rendered":"http:\/\/www.gregpalast.com\/?p=9245"},"modified":"2014-02-07T23:10:55","modified_gmt":"2014-02-07T23:10:55","slug":"hedge-fund-hog-makes-mommys-monkey-jump","status":"publish","type":"post","link":"https:\/\/rinf.com\/alt-news\/editorials\/hedge-fund-hog-makes-mommys-monkey-jump\/","title":{"rendered":"Hedge Fund Hog Makes Mommy’s Monkey Jump"},"content":{"rendered":"

by Greg Palast<\/em>
\nupdate of story from Truthout<\/p>\n

\"\"<\/a>On Thursday, a federal jury found Mathew Martoma guilty of insider trading. Martoma, who’s only worth a hundred million or so, is small potatoes. He’s taking a fall for his boss\u2014and his boss’ mommy\u2014and her monkey.<\/p>\n

Martoma’s boss is Steven A. Cohen, worth about $9 billion, who directs a criminal enterprise masquerading as a hedge fund called SAC Capital. The description of SAC as a crime scene is drawn from the findings of the jury, Securities and Exchange Commission charges and Cohen’s own confessions. While eight of Cohen’s partners-in-crime have been convicted and Martoma is about to join them in the Big House, Cohen has performed enough ju-ju on the system to keep charges filed against him personally to civil, not criminal, counts. So far.<\/p>\n

Why would a guy who’s stuffed billions of dollars of tainted money in his pocket risk SEC charges just to get another billion? The answer: Steve needs to make his mommy’s monkey jump.<\/p>\n

The story’s a lot of fun\u2014and extraordinarily important, as Congress decides <\/span>between tax breaks for “job creators” like Cohen and extending unemployment benefits for their victims.<\/p>\n

Read more on this, the SAC and his mom, in the original story I filed for Truthout<\/a> just a couple months ago.<\/p>\n

* * * * * * * * *<\/p>\n

Greg Palast’s new film Vultures and Vote Rustlers<\/a> was released recently.
\nGreg Palast is the author of the New York Times<\/em> bestsellers Billionaires & Ballot Bandits<\/em><\/a>,The Best Democracy Money Can Buy<\/em>, Armed Madhouse<\/em>\u00a0.<\/p>\n

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www.GregPalast.com<\/a><\/p>\n

ShareThis<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

by Greg Palast update of story from Truthout On Thursday, a federal jury found Mathew Martoma guilty of insider trading. Martoma, who’s only worth a hundred million or so, is small potatoes. He’s taking a fall for his boss–and his boss’ mommy–and her monkey. Martoma’s boss is Steven A. Cohen, worth about $9 billion, who […]<\/p>\n","protected":false},"author":1224,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[461],"tags":[],"class_list":{"0":"post-107539","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-editorials"},"_links":{"self":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/107539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1224"}],"replies":[{"embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=107539"}],"version-history":[{"count":0,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/107539\/revisions"}],"wp:attachment":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=107539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=107539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=107539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}