The Mortgage Lender Implode-O-Meter News Pick-ups: Convicted Insider Traders Probably Regretting Association With Group Calling Itself "Fight Club" « Dealbreaker: Wall Street Insider -- Financial News, Headlines, Commentary and Analysis -- Hedge Funds, Private Equity, Banks

``So the quants at Dealbreaker Labs have refined the chart a bit to reflect not only the two main "official" variables that affect insider trading sentences -- amount of money and whether you went to trial -- but also the most important unofficial variable, which is: who is the particular person sentencing you? Turns out that, for instance, Gupta's judge, Jed Rakoff, is an equal-opportunity non-fan of the financial industry and its regulators, who in sentencing Gupta "criticized the advisory federal sentencing guidelines, deriding them as `the mirage of something that can be obtained with arithmetic certainty.'"''

Relevant:

Convicted Insider Traders Probably Regretting Association With Group Calling Itself "Fight Club" « Dealbreaker: Wall Street Insider -- Financial News, Headlines, Commentary and Analysis -- Hedge Funds, Private Equity, Banks