Insider Trading Cases Will ‘Pile Up For Years,’ FOX Business Reports
The 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 (pictured).