12-20-2011, 01:00 PM
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#585
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Drives: M3
Join Date: Mar 2011
Location: ATL
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FBI Runs ‘Perfect Hedge’ to Nab Inside Traders
Quote:
The two men, head of securities and commodities fraud units at the New York office, faced a dilemma. Informants had told them the hedge fund industry was similar to organized crime: insular and distrusting of outsiders. Without people on the inside, the government would have a tough time gathering enough evidence to prosecute. They needed more tools to gather more information on traders who move faster, and more secretly, than your typical Mafia soldier.
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http://www.bloomberg.com/news/2011-1...ing-class.html
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