7 plead not guilty in NY insider trading probe

[ShockediSay]

Source: ap/yahoo/abc

better: http://abcnews.go.com/Business/wireStory?id=9727088

A man regulators call "the Octopussy" and six other white-collar defendants pleaded not guilty Tuesday in federal court in Manhattan to securities fraud charges in an insider trading case that has shaken Wall Street.

Prosecutors have billed the case as one of the largest insider trading cases ever and accused suspects of using drug dealer-style tactics to evade detection. So far, 21 people -- including wealthy hedge fund whiz Raj Rajaratnam -- have been charged. Eight have pleaded guilty.

Investigators relied heavily on wiretaps to make the case. On Tuesday, defense attorney Cynthia Monaco told the judge she was struggling to review 10,700 telephone calls that had been intercepted on the phone of her client, Zvi Goffer.

"The problem is the volume of the calls," she said.

Read more: http://abcnews.go.com/Business/wireStory?id=9727088

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the problem is the volume of violations IMHO

I did a favor for someone in the stock trading business
and he offered me inside information as his payback.

When I told him I avoid violations of law, he told me
everybody does it, or words to that effect.

That's why investment bankers/hedge funds make $ until
they over-game the system {like over loading a computer}
until it crashes.

AND who pays?

[nyc 4 Biden]

1. link not working. try this one to ABC news.

http://abcnews.go.com/Business/wireStory?id=9727088

[ShockediSay]

2. thank you n/t

[GiveMeFreedom]

3. Fuck, fuck, and fuck

When are we going to fucking execute these fucking crooks? Wall Street and the money changers ruin more lives than war. Fucking pieces of shit!!
Someday I'll tell everyone how I really feel. FUCK!!