Inside Traders use drug dealer tactics

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SandEagle

Lifer
Aug 4, 2007
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lol.. story below reminds me of this Chappelle episode:
http://www.comedycentral.com/videos/index.jhtml?videoId=219426&title=tron-carters-laworder


http://www.msnbc.msn.com/id/33654255/ns/business-us_business/
Feds: 14 charged in insider trading case

Court papers say case is connected to the Galleon Group probe



Bharara said the defendants borrowed a "page from the drug dealer's play book" by using anonymous hard-to-trace prepaid cell phones to dodge detection by law enforcement. He said they also discussed falsifying company files to make it appear trades weren't based on secrets. "When sophisticated business people begin to adopt the methods of common criminals, we have no choice but to treat them as such," he said.


Two tactics prosecutors routinely use in drug cases — confidential informants and court-authorized wiretaps of phones — were used in the insider trading probe on a scale wider than ever before.
The complaints also described FBI agents trailing suspects as they do in drug cases to spot them passing money between one another. Court papers said agents observed cash appearing to be delivered in "an item that appeared to be approximately the size of a VHS tape."
 
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