Huge Obama donor David Zilkha fined $250,000 by SEC – allegedly involved in insider trading scheme
You see, Wall Street is so evil and everything. Unless of course they donate large sums of money to Obama and other Marxist Democrats. David Zilkha was a large Obama donor. Gave him $25,000 in 2008. Now we learn from the Daily Caller that David Zilkha was allegedly involved in an insider trader scheme and had to pay a fine of $250,000. Typical Obama crony, typical Democrat. Of course Jon Corzine just ‘lost’ $1.2 billion of MF Global capital and not a thing has happened to him.
President Barack Obama’s re-election campaign and the Obama Victory Fund have accepted just under $25,000 in donations since 2008 from business executive David Zilkha, according to Federal Election Commission records.
Zilkha, though, paid 10 times as much — $250,000 — in fines to the Securities and Exchange Commission (SEC) after he was found to be involved in an insider-trading scheme last year.
An SEC judge ordered Zilkha to pay that fine after he was found to be passing non-public earnings information from Microsoft to Pequot Capital Management.
Zilkha was a Microsoft employee who Pequot CEO Arthur Samberg hired in 2001. The SEC says that the only reason Samberg hired Zilkha was because of his access to the insider Microsoft information that Samberg then traded on. Shortly after Zilkha no longer had access to internal Microsoft financials, Samberg fired him.