What else is new? We all know the markets are manipulated. Glad they got a few peolple though.
'Corruption on grand scale' in insider trading case
Law enforcement officials announced charges against seven hedge fund and investment professionals Wednesday in an insider trading case they called "a stunning portrait of organized corruption on a grand scale." The men are alleged to have participated in a scheme that generated more than $60 million in illegal profits based on trades of computer maker Dell 's stock. The case is believed to involve the largest illegal profit ever from trades of a single stock. "The charges, at their core, describe a circle of corruption and a cycle of greed," Preet Bharara, the U.S. Attorney for the Southern District of New ... (full story)