Since the financial crisis began several years ago, there has been an increase in the number of insider trading cases brought by federal prosecutors, according to a Fox Business Network report. According to this same report, "hundreds" of individuals could be arrested and charged in the next few years.
Submitted by Steven Meyerowitz
Wed, 02/22/2012 - 6:14am
Financial Fraud Law
he substantial number of insider trading cases brought by federal prosecutors since the Financial Crisis began is only the tip of the insider trading iceberg. In fact, federal prosecutors are lining up cases that will take years and years to work their way through the system.
A FOX Business Network report, by Charlie Gasparino and Sital Patel, suggests that “hundreds” of people could be arrested and charged with insider trading in the next few years, based on information developed from wiretaps and informants.
Among those predicted to be charged: someone of the stature of convicted inside trader and hedge fund billionaire Raj Rajaratnam.
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