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Zvi Goffer Chose to Wear a Track Suit on the Big Day

  • 11/6/09 at 12:27 PM

Photo: Bloomberg via Getty Images

Most financial criminals attempt to look dignified during their perp walks. Bernie Madoff wore a suit on his big day, as did Matthew Tannin and Ralph Cioffi, and even Marc Dreier (although the accompanying stubble and crazy hair in that case somewhat lessened the effect). But the gang arrested as part of the SEC and FBI's big insider-trading sting is so far doing little justice to the term "white collar" crime. Specifically, the collar part. Prosecutors said yesterday that those in the ring had taken a page from the handbook of drug dealers, and this appears to extend to their sartorial choices, as well. Galleon founder Raj Rajaratnam at least made an effort by donning a blazer and pea-green cardigan; but McKinsey executive Anil Kumar wore a sweat outfit to his indictment, while "white shoe" Ropes and Gray lawyer Arthur Cutillo wore jeans. And Zvi Goffer, the former Schottenfeld trader known as "Octopussy" within the ring, wore a track suit, which is second only to the orange jumpsuit in the pantheon of outfits that make you look like a guilty criminal. Is there no decorum in insider trading anymore? Watch our slideshow with all four of the allegedly crooked guys, including a full photo of Goffer, which we swear we're not showing you just because he's actually kind of cute.

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