That headline is my longest ever…
Coz that’s what I think Raj’s sentence should have been—longer.
The guy has the gall to come out of prison and still claim to be innocent in handing off insider secrets to the other Raj.
But that’s only the short of it.
The Long Is How Many Were Doing It
I don’t blame Raj and all the hedge fund scammers.
Like Lance Armstrong and the sport of cycling, to win a highly competitive game, you expect some to cheat.
Especially when the upside is so high, and the downside is so low.
Make billions of dollars with a tiny risk of getting caught and serving a short sentence?
Everyone on the inside knows this is how some of the biggest got big.
Maybe it wasn’t overtly “insider,” but their edge was non-public information.
College Scamming Is The Same
“Cheating” is a squishy definition.
Obviously you can donate a lot of money and get your kid into a school.
Yet, where does the fine line of helping your kid do better in school end, and cheating begin?
Having a tutor is very reasonable, yet something poorer kids can’t afford. Nor a college admissions advisor.
Let alone the many who “brainstorm ideas” or “edit,” let alone straight up write your kid’s admission essays for them…