Wednesday, March 10, 2010

Insider-Trading Wires & Taps

NYC - Federal prosecutors in Manhattan equipped several cooperating witnesses with recording devices to try to obtain information about targets in the Galleon insider-trading probe, people familiar with the matter say... A total of 21 individuals have been charged in the Galleon case. At least eight individuals have pleaded guilty and are cooperating against other defendants... Criminal prosecutors also are using evidence obtained from wiretapped telephone calls. (more)