Breaking News: Chief of Hedge Fund Guilty in Historical Insider Trading Case

By Allan Lengel ticklethewire.com Following an eight week trial, a Manhattan federal jury Wednesday morning convicted Raj Rajaratnam on 14 counts of conspiracy and securities fraud crimes stemming from his role in the largest hedge fund insider trading scheme in history, the U.S. Attorney’s Office announced. Rajartnam, just another symbol of much what is wrong…

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FBI Agents Association Lauds Proposed Legislation to Use Wiretaps for Probes involving Government Fraud

By Allan Lengel ticklethewire.com WASHINGTON — FBI Agents Association President Konrad Motyka on Tuesday lauded proposed legislation that would allow investigators to use court-authorized wiretaps for fraud cases involving government programs like the Troubled Asset Relief Program (TARP). Rep. James Sensenbrenner (R-Wisc.)  introduced language last Friday in bill H.R. 1793, the Clean-Up Government Act of…

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