SEC Raises The Stakes In Alleged Hedge Fund Insider Trading Case: 13 New Indictments Announced

Remember when billionaire Raj Rajaratnam was charged by the federal government with insider trading, and Rajaratnam’s new lawyer, John Dowd, then blasted the government’s key witness? (See http://www.financialfraudlaw.com/lawblog/charges-largest-alleged-hedge-fund-insider-trading-case-history-law-enforcement-listening/38; http://www.financialfraudlaw.com/lawblog/indicted-hedge-fund-billionaire-now-defended-john-dowd-akin-gump/430,and http://www.financialfraudlaw.com/lawblog/one-way-defend-insider-trading-charge-blast-government%E2%80%99s-witness/440.) 

The SEC is not just going to sit and take being slapped. Today, it charged 13 additional individuals and entities in connection with the alleged insider trading scheme, including three hedge fund managers, three professional traders at New York-based Schottenfeld Group, and a senior executive at Atheros Communications, a California-based developer of networking technologies.
 
Your move, Mr. Dowd….