Raj Rajaratnam |
This would certainly not be the first time that race played a part in the prosecution of a criminal. Death Penalty cases are rife with examples of differential value of human life (black on white murder nets the harshest penalties while white on black crime the most lenient). Are we seeing a similar pattern in the conviction of financial criminals for crimes stemming from the 2008/2009 financial collapse? I hope not.
But in the time since the financial collapse, the SEC and US Attorney's Office have managed to convict only two perpetrators: Bernie Madoff who embezzled money from other rich people; and Rajaratnam, a hedge fund manager. In an industry that is 90% white, the odds are strongly against convicting a non-white of financial crimes, yet Rajaratnam was tried and convicted. Indians barely register on the financial industry demographics (presumably as Asian).
90% of the financila industry is white, 60% is white men, how is it we managed to go after an Indian?
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