Thursday, January 8, 2009

The SEC Should Hire This Gal

The Wall Street Journal and others are reporting on the SEC re-opening its case against hedge fund Pequot Capital over some Microsoft trades in 2001.

Here is my version of what is going down based on what I've read today. I'm not sure how much of it is 100% legit.

  • Pequot makes about $2 million trading MSFT around earnings in 2001
  • Around the same time Pequot hires David Zikha from MSFT
  • Pequot fires Zikha
  • The SEC unsuccessfully probes Pequot over the trades
  • Zikha sues Pequot
  • Pequot pays Zikha $2.1 million
  • SEC closes case
  • Zikha's wife files for divorce
  • Zikha's wife produces a copy of the hard drive from the home computer which included sketchy emails between Zikha and his old boss at MSFT

Bam. They should put her on the Madoff case.

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