The Ethical Barometer

“Why is it that defendants remember how much they love their family after they committed a crime that puts that whole relationship in jeopardy?”

U.S. Federal Ditrict Court Judge Jed S. Rakoff during the sentencing hearing for Adam Smith, Harvard MBA.  Mr. Smith was a portfolio manager at the Galleon Group hedge fund and turned state’s evidence.  He received probation.  Raj Rajaratnam, Mr. Smith’s former boss and Galleon’s CEO,  was sent up the river for 11 years after a trial at which Mr. Smith testified against him. Mr. Smith was the fellow who drove to upstate New York and dumped his computer in the trash when he knew his arrest was imminent.  You never trust the people you cheat with; they will throw you under the bus.

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