Cempaka Asean: McKinsey implicated in Galleon trial

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - Text version)

“….. Here is the prediction: China will turn North Korea loose soon. The alliance will dissolve, or become stale. There will be political upheaval in China. Not a coup and not a revolution. Within the inner circles of that which you call Chinese politics, there will be a re-evaluation of goals and monetary policy. Eventually, you will see a break with North Korea, allowing still another dictator to fall and unification to occur with the south. ….”

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Tuesday, March 15, 2011

McKinsey implicated in Galleon trial

McKinsey consultancy linked to biggest US biggest insider-dealing case since 1980s as former partner Anil Kumar testifies

guardian.co.uk, Dominic Rushe in New York, Monday 14 March 2011

Courtroom drawing shows ex-hedge fund tycoon Raj Rajaratnam, right; assistant
US attorney Andrew Michaelson, left, and Judge Richard Howell, top right,
listening to witness Anil Kumar during the insider-trading trial of Rajaratnam.
Photograph: Shirley Shepard/AFP/Getty Images

The management consultants from the McKinsey group gather in Washington this week as the reputations of some its most senior former employees are on the line in a New York court.

The US government's biggest insider-dealing case since the 1980s is proving an embarrassment to McKinsey, whose blue-chip client list includes more than 90 of the 100 leading global corporations, and governments in more than 35 countries including the UK. Two senior McKinsey figures have already been implicated during the trial and a third is expected to be named this week.

According to prosecutors, Raj Rajaratnam, billionaire founder of the Galleon hedge fund, was fed lucrative and illegal tips about McKinsey clients by some of the consultancy's top executives. Rajaratnam is accused of making $50m (£31m) from these and other tips and faces up to 20 years in prison if convicted.

Anil Kumar, a former senior McKinsey partner who has pleaded guilty to securities fraud and is co-operating with the government, took the stand for the second day on Monday. Kumar, one of the prosecution's star witnesses, has agreed to forfeit $2.7m in fees and profits he received from Galleon.

Kumar said Rajaratnam paid him in the name of Kumar's housekeeper and passed him confidential documents about the chipmaker Intel, rival of Kumar's McKinsey client AMD.

Kumar alleged the hedge fund manager pressed him for financial details on AMD. "He wanted to move to an arrangement where he could monitor the benefits and share the profits," he testified.

Kumar was a protegé of Raj Gupta, former head of McKinsey and a former director of Goldman Sachs and Procter & Gamble. Gupta has been named as a co-conspirator and accused of passing inside information on to Rajaratnam about companies including Goldman and P&G.

In court Jonathan Streeter, a federal prosecutor, has mentioned a third, as yet unnamed, McKinsey executive. He is believed to be David Palecek, a former classmate of Rajaratnam's brother Rengan. Streeter told the jury they would hear a recording of a phone conversation Rajaratnam had with his brother "talking about plotting to get inside information from a consultant at McKinsey". Streeter said Rajaratnam described the executive as "dirty" and talked about getting him to "play ball" by adding his wife to the Galleon payroll.

Palecek died last year but Catherine Redlich, a New York-based lawyer who represents his wife, said in a statement: "What the tape does not reflect is that Mr Palecek never agreed to "play ball" with the Rajaratnams, never received money from them, and never agreed to put his wife on Galleon's payroll."

Last week Kumar testified that he shared client secrets with Rajaratnam because he felt obliged to him after agreeing to accept $500,000 a year in consulting fees. "Mr Rajaratnam kept asking me for that information and I felt that I owed him something given how much money he was paying me," Kumar told the court.

According to telephone conversations secretly taped by prosecutors, Kumar and Rajaratnam discussed transactions involving AMD, Business Objects, Cisco, eBay, Samsung Electronics, Spansion and other companies. Many of these firms were or are McKinsey clients.

A spokeswoman for McKinsey said the firm had no comment. Sources close to the firm said the trial and its implications would be discussed at this week's annual partners' meeting in Washington. More than 1,300 of McKinsey's senior staff are expected at the meeting.

Last week John Dowd, Rajaratnam's top lawyer, said it was a "monstrous lie" that his client had manipulated Kumar into betraying his clients. He said he would show that Kumar funnelled his money into his own accounts and did not properly inform McKinsey about it.

Kumar has said he violated McKinsey's policies when he shared confidential client information with Rajaratnam. McKinsey is built on a "foundation of trust", he said. If the firm ever lost its reputation for maintaining client confidences, he said, "it could destroy the trust that McKinsey had with its clients".

Founded in 1926, McKinsey is arguably the best-known management consultant in the world. The firm operates as a partnership and has strict rules on client confidentiality not least because its business operates on a "non-exclusive" basis with different teams allowed to work for competitors.

FILE - In this Jan. 3, 2009 file photo, Rajat Kumar Gupta,Chairman
of Global Fund to Fight AIDS, Tuberculosis and Malaria, listens to
a statement, during a session at the World Economic Forum in Davos,
Switzerland. Federal regulators have charged Gupta, a Goldman Sachs
former board member with insider trading, saying Tuesday, March 1, 2011,
he provided confidential information to the central figure in a major
hedge fund probe.(AP Photo/Keystone/Alessandro Della Bella, file)

Related Articles:
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Gov't witness: Galleon founder paid for tips
Gupta resigns from Procter & Gamble board amid insider trading probe
Ex-McKinsey `High Priest' Gupta Linked to Rajaratnam by SEC Insider Case
Goldman Board Still Clubby: Opinion

British multi-millionaire facing 20 years in U.S. prison for massive 'boiler room' scam

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Tuesday, March 15, 2011

McKinsey implicated in Galleon trial

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