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Tolerant and (gag) compassionate liberal abortion worshipper Soros--who backs an "Open Society" --thinks there's nothing wrong with profiting illegally on "insider trading." Soros has also made a bundle pulling currency scams all over the world. Watta guy (snicker).
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Tuesday, Nov. 11, 2003
Billionaire Bush Basher Soros Convicted of Insider Trading
Carl Limbacher and NewsMax.com Staff

Billionaire Bush basher George Soros has gotten a lot of press in recent days, mostly over his comments on Monday when he likened President Bush to Adolf Hitler and reiterated his promise to spend whatever it takes to defeat Bush at the polls next year.

But none of the reports mentioned one salient fact: The Democratic Party's great rich hope was convicted of insider trading less than a year ago.

Before Soros announced his intention to bankroll the Dems' bid to topple Bush, press accounts were a lot more candid about his checkered background.

Here's how the Washington Post described the Democrats' Daddy Warbucks five months ago:

"In some parts of the world, Soros, 72, is a mistrusted figure. The Hungarian immigrant made a fortune on Wall Street, and in 1992 was dubbed the 'man who broke the Bank of England' after engaging in a series of speculative transactions that helped devalue the pound."

The Post continued:

"He has been accused of triggering the Asian economic crisis that began in 1997. Last year he was convicted of insider trading in France and fined $ 2.2 million, a ruling he dismissed as 'a queer decision' and promised to appeal."

According to the New York Times, prosecutors in Paris had accused Soros of "buying stakes in four formerly state-owned companies in France, including one of the country's leading banks, Societe Generale, for his Quantum Endowment Fund in 1988 based on confidential information. The stakes were worth a total of about $50 million at the time.

"Two other defendants in the case ... were acquitted. At a hearing [in November 2002], prosecutors recommended fines for all three men, and suggested the $2.3 million figure for Mr. Soros as a minimum penalty."

Now that he's set his sights on presidential politics, Mr. Soros is said to be working closely with former White House deputy chief of staff Harold Ickes, who was at the center of the 1996 Clinton fund-raising scandal.