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To: Richnorth who wrote (85400)5/15/2002 11:57:18 AM
From: long-gone  Read Replies (1) | Respond to of 116822
 
NY Times
Trading Dispute Is Shrouded in Accusations of Bias
By ANDREW ROSS SORKIN

Youssef Fakih attached a tape recorder to the telephone and pressed the record button before dialing his stockbroker.

Michael S. Cohen, sitting at his desk on the trading floor of Gruntal & Company, a midsize brokerage firm on East 42nd Street, answered on the first ring.

At first, Mr. Fakih and Mr. Cohen exchanged pleasantries. Then the conversation turned argumentative.

"I found out you lost the money purposely," said Mr. Fakih, who had lost more than a half-million dollars in just over a year and a half.

"I don't like liars," replied Mr. Cohen, who is Jewish. "You lied to me. You told me that you were Jewish."

Mr. Fakih, an Arab immigrant from Lebanon, then asked: "So in other words, if I was a Jewish, you wouldn't lose me money?"

"Listen, you are what you are," Mr. Cohen said. "And quite frankly, the fact that you lost money, I really don't care."
(cont Log in reqd.)
nytimes.com



To: Richnorth who wrote (85400)5/15/2002 12:00:17 PM
From: Lightning  Read Replies (1) | Respond to of 116822
 
I hope that your comments were made tongue in cheek. These four men with Indian surnames are pikers compared to Lay, Skilling, Duncan, et al. Fraud can be committed by immoral people of all races and national origins.



To: Richnorth who wrote (85400)5/15/2002 5:21:15 PM
From: E. Charters  Respond to of 116822
 
Cross cultural swindling is fine, as long as you wear appropriate symbols when you do it and give half to the your church. In most places they call it business and give awards for community conscience to the most notable swindlefactors. Sometimes they erect statues to the noble practicioners. Fabled names come down to us from long ago, Duplessis, Harding, Cornfeld, Desmarais, MacDonald, Carnegie, Milliken. The list is long.