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  • Michael A. Kimelman

    American investments manager

    Michael A. Kimelman is an American entrepreneur, former trader, author, business coach, financial consultant and motivational speaker.[2][3][4]

    On 9 November 2009, Kimelman was arrested by the FBI on the charges of "conspiracy to commit insider trading" related to the Galleon Group hedge fund fraud organized by Raj Rajaratnam. He stood two-week trial in the United States District Court for the Southern District of New York.[1] During the trial, Kimelman was offered a plea bargain[5] by the U.S. AttorneyPreet Bharara but rejected the proposal[6] and was found guilty of "being a part of an insider trading scheme".[7][8] On 12 October 2011, Kimelman was sentenced to two and a half years[9] and served 21 months at the minimum security Lewisburg Federal Prison in Pennsylvania.[10]

    In 2017, Kimelman published the memoir Confessions of a Wall Street Insider, where he revealed a lot of insider details on the Wall Street lifestyle as well as disorganized U.S. Penitentiary System.[10][11][12][13]

    Early life

    [edit]

    Michael Kimelman was born into a middle-class family and grew up in Tarzana

    Review

    “When prosecutors place a political agenda and career ambition over truth and justice, people inevitably get trampled. Michael Kimelman is a perfect example of that collateral damage.” – Joe Tacopina, celebrity criminal defense lawyer and owner of the Venezia FC Futbol team

    “Kimelman is guilty of one thing: writing a helluva book. If you want a front row seat to a Wall Street witch-hunt – read this.” - Turney Duff, bestselling author of The Buy Side

    “Kimelman delivers a taut page-turner that gives readers an inside seat at the real life Billions that are a daily part of the cutthroat world of proprietary traders. He also exposes a criminal justice system in which prosecutors will do anything to win a case and questions of innocence are far less important than notching a victory. In this disturbing and cautionary tale from the inner sanctums of Wall Street to Federal prison, Kimelman ultimately tells a singular and riveting tale of survival and endurance.” - Gerald Posner, author of God's Bankers: A History of Money and Power at the Vatican

    “Kimelman’s account as a defendant in the federal criminal justice system provides insights into just how broken and frightening that system has become.” – Walt Pavlo, Jr., Forbes columnist and co-author of Stolen Without a Gun

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