Thursday, September 9, 2010

Insider Trading

Zachariah Zachariah (yes, that's his real name) is a cardiologist and big-time Republican fundraiser in Florida.  He's a big shot behind the scenes for the Florida GOP, having steered millions in campaign and PAC contributions to his conservative allies.  He also worked as a consultant for the GEO Group, where his son was employed, right before they acquired Correctional Services Corporation (CSC).  So you may be asking yourself, what's so bad about that?  Only the fact that he learned about the acquisition before it was announced publicly through his connection with George Zoley and his son, purchased nearly 100,000 shares of stock in GEO, then sold them for a huge profit after the acquisition was announced.  He is also accused of essentially obstructing justice by intentionally withholding information when he was questioned by the SEC about his insider trading activities.

I hate you, Zach Zachariah

No comments:

Post a Comment