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« Terri-- A Glimmer of Hope? | Main | Double-Shot Thursday For Media Bias »
March 24, 2005

..But Score One For French Judges: Soros Conviction Upheld

Boy, do liberals hate inside-traders and global currency manipulators... except when they donate to MoveOn:

Billionaire investor George Soros was found guilty of insider trading by a French appeals court, upholding a 2002 conviction in a case that he's been fighting for 16 years.

The Paris appeals court ruled that Soros's 1988 purchase of Societe Generale SA shares with the knowledge that the bank might be a takeover target broke French insider trading laws. The court today confirmed an earlier order asking Soros to pay back his 2.2 million euros ($2.9 million) in gains. Prosecutors didn't ask for punitive damages and Soros faces no other penalties or restrictions in France.

...

The verdict marks the only legal stain on Soros's 40-year investing career. It comes at a time when Soros, 74, is no longer actively investing and has turned his attention to political and charitable activities. Soros contributed $26.5 million to a failed effort to defeat President George Bush in last year's U.S. presidential elections.

The only legal stain? Why is this reporter so helpfully pointing that out to us? Is Martha Stewart's conviction for obstruction of justice also noted to be her "only" legal stain?

Jeepers-- it's almost as if this reporter approves of George Soros or something!

Thanks to Ogre Gunner.


posted by Ace at 01:59 PM
Comments



It's not Soros' only legal stain by a long shot. This is total BS, written by someone who obviously adores Soros for his leftist contributions.

Posted by: TallDave on March 24, 2005 03:05 PM

Yeah what Tall Dave said, it is hardly the only legal stain on Mr. Soros...perhaps the only charge that lead to a conviction or the only conviction that has stuck perhaps......

Soros is a paradox, if you read his history and things he has said in the past, he should either be a unabashed neo con or Republican supporter. Why he is so embraced by the left boggles my mind. He is the poster boy of capitalism at its ugliest. Oh it's all about the money, right.

Posted by: wannabe on March 24, 2005 04:54 PM
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