Wednesday, January 28, 2009

Porsche About to Get Gestapo-Lite Treatment

After costing most US hedge funds huge losses last year and Adolf Merkle his life, German prosecutors have finally opened an investigation into activities by "responsible people" at Porsche that have led to trading manipulations in VOW shares. The German regulators, who based on their speed and efficiency one would assume were the Berlin branch of the SEC, said “we have to open a file if we get such a complaint, but we will take further action only if BaFin’s findings indicate any wrongdoing may have taken place.”

So Perry and Greenlight don't hold your breath you will be recouping those crazy stop losses any time soon.
Sphere: Related Content
Print this post


Anonymous said...

I would suspect that "responsible people" at Porsche would be a flight risk considering the product they manufacture.