Thursday, May 12, 2011

New Home for the Illicit

Starbucks: New Home for the Illicit (Wall Street Journal)

"In the 1980s, arbitrager Ivan Boesky used the lavish lobby of New York's Plaza Hotel to exchange cash for tips in what would become the most famous insider-trading scheme of the era.

In the Galleon Group case, the rendezvous points were much more pedestrian: Starbucks coffee shops, where at least two important meetings took place...."

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