Feds' charges target insider trading
Photo credit: AP | U.S. Attorney Preet Bharara speaks during a news conference in Manhattan. (Jan. 18, 2012)
Preet Bharara, US Attorney for the Southern District
Federal authorities Wednesday charged a "criminal club" of hedge fund executives with making more than $61 million in insider trading profits on a single stock and said the case was the latest sign of a criminal epidemic afflicting Wall Street.
The accusations "paint a stunning portrait of organized corruption on a grand scale," said Manhattan U.S. Attorney Preet Bharara. "Today's charges...
