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The way Vijay Mallya is squandering his wealth, it reminds one of Gordon Gekko’s saying “A Fool and his money are lucky to have been together in the first place“
Raj Rajaratnam’s, the billionaire founder of Galleon Group, was the story that dreams are made of. However, he now stands charged in a $20 million insider trading scheme by the U.S. Securities and Exchange Commission. The SEC says that he didn’t deserve his reputation for “genius trading strategies” or “astute study of company fundamentals or marketplace trends” but that it was a simple case of insider trading.
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