Martha Stewart Moment

George Soros is one of the richest men in the world. So rich that in 2004 he gave over $24.5 Million dollars to try and defeat President Bush, mainly to Moveon.org and America Coming Together.

In a classic case of how the rich get & stay rich, Soros has has been fighting a French conviction for insider trading.

In 1988 Soros was invited to join a takeover of the French bank Société Générale. Soros declined, but bought 95,000 shares of the bank days after he was asked to join the takeover. These facts are not in dispute, even by Soros! He just denies it's insider trading.

Maybe I'm wrong, but when someone has nonpublic information about a company and uses that information for their personal gain, that's considered insider trading...I do believe!

The French fined Soros $2.5 Billion in March of last year and this week the highest court in France rejected his appeal to overturn the conviction. Sorry Soros!