by ROGER HEDGECOCK
Bernie Madoff is in jail for life for using other people’s money under false pretenses in a Ponzi scheme that fooled some of America’s most sophisticated investors. This is an example of fraud, not capitalism.
Raj Rajaratnam is in jail for 11 years for insider trading of securities of Galleon Group, the hedge fund he founded. This is an example of violating a law passed by Congress restricting capitalism. If Raj had been a member of Congress, which exempted itself from that insider trading law, he would not be in jail today.
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