Category Archives: insider trading

Lindsay Lohan- WHY do some people keep going back???

It appears that the worst kept secret in Los Angeles legal circles is true. Lindsay Lohan headed back to court .  As everyone who reads my blog knows, I have been a big supporter of Lohan and the alternative sentence she received in May. The sentence was a spilt of home confinement and substantial community service for two separate criminal legal issues. One, the violation of probation for her two D.U.I. arrests and the other for her NO CONTEST plea regarding the theft of a necklace. But, readers also know that as a legal coach I firmly believe that defendants who receive alternative sentences must take them seriously. Otherwise, judges will not hand them down and we are stuck with a criminal justice system that only incarcerates and does not rehabilitate.

Rehabilitation is a key necessity for our criminal justice system as over 95% of all people incarcerated in the United States will be coming home at some point.  So, what can insiders like me do? First, we must educate people to the flaws and strengths of our system and the reality of what works. For example, defendants in the Federal system have much stricter accountability than those in the State system. Accountability is the only known deterrent. Next, we must urge judges to practice equal justice. That said, I believe that Lohan has not been treated better than others. But, now we will see for sure.

And, to answer the question of why some people keep going back we only need to look at the fact that people who do not learn from their arrests and mistakes will only repeat them in more serious ways. As a legal coach I work with people to accept responsibility and stop blaming others. Hence, my term INCARCERVENTION. Often this makes me very unpopular with my clients. But, after a while they usually see the light and the fact that without owning your own actions you cannot move forward. Lohan clearly needed an incarcervention when she was having rooftop parties while under house arrest. But, it looks like none of the people who profess to care about her offered one.

Now, it seems the original judge in his haste to send Lohan to jail, did not order drug and alcohol testing after February 25, 2011. And, the new judge who handed the alternative sentence down did not realize this. So, despite the wishes of the probation department, Lohan will not go to jail and will not have to submit to any further testing. Here is hoping that Lohan keeps learning and changing. Lindsay, yes, change is possible. Keep working at it.

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Filed under alternatvive sentencing, bail, celebrities, community service, Criminal Justice, d.u.i, insider trading, jail, Lindsay Lohan, Los Angeles District Attorney, Michael Lohan, prison coaching, prison consultant, prison re entry, reality tv

Wall Street Gone Wild- Otherwise known as insider trading!!!

UPDATE!!
ZVI GOFFER SENTENCED TO 10 YEARS…RAJ LOOK OUT

 

Another day, another round of guilty verdicts for Wall Street Bigs. Last month saw the conviction of Raj Rajaratnum, and today we have the conviction of three more heavyweights; Zvi Goffer, Emanuel Goffer and Michael Kimelman. They are all free on bail while awaiting sentencing. Ahhh Wall Street, the land of enablers!

Rajaratnam, the founder of the Galleon Group, was once Goffer’s boss. The Galleon investigation is the largest ever of insider trading in the hedge fund industry.

All of these men are now looking at lengthy prison sentences. The other thing they have in common is the fact that unlike most white-collar defendants, they did not strike a plea agreement. Instead, they opted to actually go to trial. Can you spell delusional? In fact, over 93% of all Federal criminal cases result in guilty pleas and of those, over 83% serve prison time. Not great odds, right?

It’s too bad that we cannot charge the guys for all of the money wasted on “investigating” this mess. Think about it, this money could be well spent to help all of the men and women in prison for years on small drug crimes when they really need rehab. I am not saying that the Wall Street bigs cannot learn from this, but so far all they have done is cost the taxpayers money on long trials and what are yet to be filed appeals.

Wall Street, good for business if you are a prison coach but now is the time for The Street to get real. This insider suggests that the major firms start to clean up their acts and learn from all of this. I say this with the best of insider knowledge and intentions. At some point we all have to take responsibility for our actions and turn our talents to good, not greed.

Believe me, change IS possible, but it takes hard work. Boys, call anytime you need some prison prep inside info. Don’t worry; I won’t mark my fee up like you did.

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Filed under bail, Criminal Justice, Federal Prison, financial fraud, Goldman Sachs, insider trading, prison coaching, prison consultant, prison preparation, prison re entry, raj rajaratnum, rehab, Restoratice Justice, success after prison, Wall Street

Rajer that!!!

Insider trader Raj Rajaratnam looks to be really going inside this time. Inside Federal prison that is. Raj was convicted on all 14 counts of securities fraud and conspiracy. This after failing to step up and accept a guilty plea that would have surely lessened the prison sentence that now is looming. Raj even spent over $40 million on his defense.

That is he spent $40 million while costing taxpayers several more millions for the investigation and trial. SO, at the end of the day what’s Raj to do and what does his family face? For me I look at how Raj can prepare for prison and that means helping his family prepare. But, how can you prepare somebody so grandiose and egocentric? Speaking from experience it can be done. Soon Raj will be living for probably at least 10 years in a large dormitory on the top bunk with guys from all walks of life. He will have to learn humility just to get along with these guys and the staff!

His family is another story. They now have the task of preparing to live without their husband and the father to three daughters. Sad that his greed has led him to this point and even sadder that he seems to not want to accept any responsibility. Maybe at sentencing we will see a sob story while he asks the Judge for mercy. Here is a prime example of Wall Street gone wild. Raj made plenty of money the legit way, he just pushed too far because he could. Or, at least he thought he could.

So, what’s next? I say once again more Wall Street fallout. Wall Street, be afraid, be very afraid but get ready. This insider knows there will be more soon. Change is possible but it takes hard work. Raj, if you are willing to do the work call me. I will set you straight and you will come home better and more focused than you are now while helping others for a change. Start NOW!

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Filed under celebrities, Criminal Justice, Federal Prison, financial fraud, Goldman Sachs, Hedge Funds, insider trading, prison coaching, prison consultant, prison preparation, prison re entry, raj rajaratnum, Restoratice Justice, Wall Street