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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: chartseer who wrote (73764)	10/17/2009 3:58:31 PM
From: lorne	1 Recommendation Respond to of 224749

Ya know I almost was not going to post this article..why post it , Its a very common thing with democrat politicians who cares...IMO that is exactly what obama and his polly ticians want,,,a who cares attitude. Like the islamists keep cutting off innocent peoples heads and very soon a who cares attitude from the worlds media. Can't permit myself to think that way...filth is filth and it should always be brought out and who is doing it. Hows char lie rangle doing? Indicted N.Y. Financier Gave Big to Hillary and Terror Charity Raj Rajaratnam Accused in $20 Million Insider Trading Case By RICHARD ESPOSITO, KRISTIN JONES, ANNA SCHECTER and BRIAN ROSS Oct. 16, 2009 abcnews.go.com The New York hedge fund billionaire indicted today in an alleged $20 million insider trading scheme, Raj Rajaratnam, was a major contributor to the campaigns of Hillary Clinton and also the single largest known U.S. contributor to a charity linked to the Tamil Tiger terror group in Sri Lanka, according to records obtained by ABCNews.com. Rajaratnam is accused of operating an elaborate insider trading operation through his Galleon Group hedge fund, which made him one of the wealthiest men in America with an estimated net worth of $1.3 billion. The case against Rajaratnam and the five others indicted alleges they netted over $25 million in profits and marked the first time a court authorized wire taps were used in a hedge fund case. A Sri Lankan native, Rajaratnam gave more than $3.5 million to the Tamil Rehabilitation Organization (TRO), whose assets were frozen by the U.S. Treasury Department in Nov. 2007 because of its alleged ties to the Tamil Tigers. According to documents filed with the IRS, Rajaratnam's contributions to the TRO were made in 2005 and 2006 through a separate charity, which he founded in the wake of the tsunami which hit Sri Lanka in Dec. 2004. Despite its stated relief efforts, the Treasury Department described the TRO charity as "a front" for Tamil Tigers fundraising and procurement in the United States. "TRO passed off its operation as charitable, when in fact it was raising money for designated terrorist group responsible for heinous acts of terrorism," said Adam Szubin, director of the Treasury's Office of Foreign Assets Control at the time. The Tamil Tigers waged a bloody insurgency against the government of Sri Lanka in which both sides were accused of civilian atrocities. Under the Clinton administration, the State Department designated the Tamil Tigers as a terrorist organization in 1997. Sri Lankan government officials alleged that contributions funneled through U.S. and Canadian-based charities prolonged the group's bloody campaign. The leader of the Tamil Tigers were killed by government forces in May, effectively putting an end to its insurgency. "He was big with Hillary and then jumped over to Obama after Hillary lost," said one Democratic party figure involved in fundraising. Associates of Rajaratnam formed a Tamils for Clinton fund raising group for her presidential campaign and sought her help in getting the Tamil Tigers taken off the Stte Department's Designated Terror List. "You shouldn't lump all terrorists together," Sen. Clinton said in 2007. Members of the Tamils for Clinton met with former President bill Clinton in Dec. 2007 to press their case. Rajaratnam is also a major trustee of the American India Foundation, which is a member of the Clinton Global Initiative. President Clinton is the Foundation's honorary chair, and has publicly thanked Rajaratnam and his wife for their multi-million dollar support. Nagaratnam Ranjithan, the President of the U.S. branch of TRO, told ABC News in 2008 that his organization has nothing to do with terrorism: "I think we got into trouble because we did so much work after the tsunami, and the Sri Lankan government was not all appreciative of it. The people are suffering because we have a few people who told us to stop." Ranjithan's home was raided by the FBI in 2006 because of his ties to TRO. U.S. Attorney for Southern District of New York Preet Bharara called the hedge fund insider trading case brought by his office today, "the largest hedge fund insider trading case ever charged." Paraphrasing Gordon Gecko, the fictional character from the 1987 film "Wall Street" by director Oliver Stone, Bharara said, "greed, sometimes, is not good."