Judge calls out Wall Street at sentencing for hedge fund director.

[jotsy]

From the Huffington Post, by Larry Neumeister


"He had a choice as a leader of the financial industry. He could have led by example. Instead, he chose to follow. He became a joiner, surrendering to the spree of the financial market's virtual mob mentality that nearly brought down this country's financial industry in the quest for ever bigger and faster gains," - U.S. District Judge Victor Marrero

A former top executive at a $1 billion hedge fund investment firm was sentenced to more than two years in prison Friday in the first sentencing to result from what prosecutors have called the largest hedge fund insider trading case in history.

Mark Kurland, 61, of Mount Kisco, N.Y., was sentenced Friday to two years and three months in prison and ordered to forfeit the $900,000 he made through illegal trades by a judge who blamed the attitudes of people like Kurland on the country's financial collapse two years ago.


More:

http://www.huffingtonpost.com/2010/05/22/mark-kurland-former-top-e_n_585668.html

I flopped the opening graphs to lead with quote.

I don't think two years is long enough do undo the damage or divert the mindset of such deep rooted predatory tendencies. In an effort to calculate a more appropriate sentence, I mirrored my best bankster and divided that 900 grand by the number of hours in a day. This equals 37,500. Ask for just 10% of that and Kurland is looking at 10.27 years.

That formula seems more fitting, according to my calculations, anyway.

[OffWithTheirHeads]

1. luky he didn't hace a joint on him. he ight have had to do some real time.