Tamil Hedge Fund Manager Raj Rajaratnam Convicted

Sri Lankan Tamil hedge fund manager Raj Rajaratnam has been found guilty on all 14 counts of securities fraud and conspiracy by a 12-member jury in New York City. Great day, folks. The Augean Stables of Wall Street are certainly ripe for a thorough cleansing. Raj Rajaratnam is the most well known name to be […]

SEC Fines Pricewaterhouse India Affiliates; Indian Jokers to Pay $6m Fine Over Satyam Audit Fiasco

The Securities and Exchange Commission has ordered five affiliates of accounting firm PriceWaterhouse India to pay a $6 million fine in connection with sloppy auditing of crooked Indian software firm Satyam Computer Services which collapsed spectacularly in January 2009. Satyam engaged in fraudulent financial accounting by falsifying the company’s revenue, income, earnings per share, cash, […]

CyberCrime – Price List for Your Credit Card Details

So, all you schmucks think your credit card or bank account information is safe? Ha ha ha. Think again, fellas. Security software provider Panda Labs has concluded a study on the CyberCrime black market. And the results make for very interesting reading. Here are the CyberCrime black market rates for sensitive, precious information pertaining to […]

Intel Capital Invests in 2 Indian Firms

Two Indian firms Althea Systems and Verismo are part of a group of 18 firms that have received a total of $77 million in investment from Intel Capital, the investment arm of microprocessor giant Intel. The investments were disclosed today at an Intel Capital conference in Huntington Beach, California. Here are details on the two […]

Hooray, Indian Software Firm Smartsoft Screwed; H1B Violator Ordered to Pay $1m in Back Wages

Aye Aye Yippee Yippee Aye Aye. Nice day outside, eh? πŸ˜‰ Folks, we can’t contain our excitement. Ha ha ha ha. πŸ˜† Just had to share this wonderful news with y’all. Smartsoft Violated H1B Rules Indian software firm Smartsoft International, founded by Murugadass Krishnan and Shanthi Murugadass (Tamils??), has been royally screwed for H1B violations […]

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