From: criminals@Kennedycompaound.com   
      
   Now we know how he got his $$ for the Democrat Crime family  candiates and   
   Move On.Org.   
      
      
      
      
         Insider trading conviction of Soros is upheld   
         The Associated Press   
      
         Published: June 14, 2006   
      
      
      
      
         PARIS The highest court in France on Wednesday rejected a bid by   
   George Soros, the billionaire investor, to overturn a conviction for insider   
   trading in a case dating back nearly 20 years, leaving the first blemish on   
   his five-decade investing career.   
      
         The panel, the Cour de Cassation, upheld the conviction of Soros, 75,   
   an American citizen, for buying and selling Société Générale shares in 1988   
   after receiving information about a planned corporate raid on the bank.   
      
         Ron Soffer, his lawyer, said Soros planned to take the case to the   
   European Court of Human Rights, saying that the length of the proceedings   
   had prevented his client from having a fair trial.   
      
         "The investigation started in 1989," he said. "The appeals trial   
   occurred in 2004. How can you call witnesses and ask them about what   
   happened in 1988?" The French stock market regulatory authority investigated   
   the matter separately and concluded that Soros had not violated the law or   
   any ethical rules, Soffer said.   
      
         The French authorities have not yet determined what fine Soros will   
   pay.   
      
         In a March 2005 ruling, a French appeals court confirmed a fine of   
   ?2.2 million, or $2.8 billion, set by a lower court for the illegal purchase   
   of 95,000 shares in Société Générale. The Cour de Cassation ruled that the   
   fine would be adjusted to reflect Soros' profits, and it ordered the case   
   returned to the appeals court to clarify the amount.   
      
         Soros, a Hungarian-born businessman, has acknowledged that he was told   
   about a Paris financier's plans to take over Société Générale in late 1988   
   and began independently acquiring shares in the bank just days later.   
      
         But he denied that knowledge of the raid had amounted to insider   
   information or influenced his transactions, which he said were part of a   
   broader, documented strategy of investing in newly privatized French   
   companies. Soros' lawyer said he had cooperated in the case from the   
   beginning.   
      
         A spokesman for Soros, Michael Vachon, called the decision "an absurd   
   miscarriage of justice" and said Soros was confident he would be cleared by   
   the European court.   
      
         "As he has from the beginning, George Soros maintains that he engaged   
   in no illegal or unethical conduct," Vachon said in a statement.   
      
         Soros, who emigrated to the United States in 1956 and set up Soros   
   Fund Management 17 years later, has billions of dollars under management in   
   his Quantum Fund.   
      
         He remains the only person convicted in the Société Générale affair.   
   Two others, Samir Traboulsi and Jean- Charles Naouri, were acquitted.   
      
         At an appeals hearing in 2005, Soros told the court his insider   
   trading conviction had been a "gift to my enemies" in the United States and   
   elsewhere. "My reputation is at stake," he said.   
      
         Soros has often drawn criticism for speculating heavily on the   
   collapse of fragile currencies. In 2004 he also angered many conservatives   
   in the United States by pumping millions of dollars into election campaigns   
   to try to unseat President George W. Bush.   
      
      
         PARIS The highest court in France on Wednesday rejected a bid by   
   George Soros, the billionaire investor, to overturn a conviction for insider   
   trading in a case dating back nearly 20 years, leaving the first blemish on   
   his five-decade investing career.   
      
         The panel, the Cour de Cassation, upheld the conviction of Soros, 75,   
   an American citizen, for buying and selling Société Générale shares in 1988   
   after receiving information about a planned corporate raid on the bank.   
      
         Ron Soffer, his lawyer, said Soros planned to take the case to the   
   European Court of Human Rights, saying that the length of the proceedings   
   had prevented his client from having a fair trial.   
      
         "The investigation started in 1989," he said. "The appeals trial   
   occurred in 2004. How can you call witnesses and ask them about what   
   happened in 1988?" The French stock market regulatory authority investigated   
   the matter separately and concluded that Soros had not violated the law or   
   any ethical rules, Soffer said.   
      
         The French authorities have not yet determined what fine Soros will   
   pay.   
      
         In a March 2005 ruling, a French appeals court confirmed a fine of   
   ?2.2 million, or $2.8 billion, set by a lower court for the illegal purchase   
   of 95,000 shares in Société Générale. The Cour de Cassation ruled that the   
   fine would be adjusted to reflect Soros' profits, and it ordered the case   
   returned to the appeals court to clarify the amount.   
      
         Soros, a Hungarian-born businessman, has acknowledged that he was told   
   about a Paris financier's plans to take over Société Générale in late 1988   
   and began independently acquiring shares in the bank just days later.   
      
         But he denied that knowledge of the raid had amounted to insider   
   information or influenced his transactions, which he said were part of a   
   broader, documented strategy of investing in newly privatized French   
   companies. Soros' lawyer said he had cooperated in the case from the   
   beginning.   
      
         A spokesman for Soros, Michael Vachon, called the decision "an absurd   
   miscarriage of justice" and said Soros was confident he would be cleared by   
   the European court.   
      
         "As he has from the beginning, George Soros maintains that he engaged   
   in no illegal or unethical conduct," Vachon said in a statement.   
      
         Soros, who emigrated to the United States in 1956 and set up Soros   
   Fund Management 17 years later, has billions of dollars under management in   
   his Quantum Fund.   
      
         He remains the only person convicted in the Société Générale affair.   
   Two others, Samir Traboulsi and Jean- Charles Naouri, were acquitted.   
      
         At an appeals hearing in 2005, Soros told the court his insider   
   trading conviction had been a "gift to my enemies" in the United States and   
   elsewhere. "My reputation is at stake," he said.   
      
         Soros has often drawn criticism for speculating heavily on the   
   collapse of fragile currencies. In 2004 he also angered many conservatives   
   in the United States by pumping millions of dollars into election campaigns   
   to try to unseat President George W. Bush.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)