Financial Times FT.com

FBI makes more arrests in Galleon case

By Joanna Chung, Stacy-Marie Ishmael and Gregory Meyer in New York

Published: November 5 2009 14:54 | Last updated: November 6 2009 00:56

Greet Bharara US attorney for the southern district of New York announces the arrest of 14 additional people on insider trading chargesGetty
Greet Bharara (right) US attorney for the southern district of New York announces the arrest of 14 additional people on insider trading charges

US prosecutors on Thursday stepped up their crackdown on Wall Street insider trading, revealing criminal charges against 14 people, including a hedge fund executive who allegedly handed out pre-paid cell phones to tipsters so they could avoid detection.

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