SocGen: Kerviel’s State of Mind & Timing his Gains & Losses

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The SocGen debate continues. Thanks to Gaute Solheim who commented yesterday as follows: [Quoting Kurt Schulzke]: “The gains and losses were all a single product of the rogue behavior of a single trader who was discovered and ushered out of the company very early in 2008.” I am not able to follow your logic here. […]

Surgeon Whistleblower Moves the Ball on Tuomey Regional

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Sumter, South Carolina orthopedic surgeon Michael Drakeford’s qui tam suit — originally filed in 2005 against Tuomey Regional Medical Center — is moving forward, according to recent reports by The State.com and Modern Healthcare Online. Dr. Drakeford was the original plaintiff. However, as is typical in whistleblower cases, the U.S. Justice Department has “intervened” as […]

Lerach, S-corps & the Savvy Guy Syndrome

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Today, attorney William Lerach was sentenced to two years in the federal pen for obstructing justice and making false statements. He once won a $7 billion judgment against Enron for . . . (drum roll) making false statements. It’s a classic example of what I call the “savvy guy syndrome,” a behavioral disorder in which […]