Insider Traders, Meet Big Brother

Law360, New York (March 25, 2014, 8:06 PM EDT) -- When the Second Circuit on Tuesday upheld the securities fraud conviction of former Goldman Sachs Group Inc. head Rajat Gupta, it ushered in a new era where white collar conspirators can no longer consider their calls, texts, emails and instant messages safe from prosecutors' eyes.

Unprecedented in insider trading probes, investigators’ use of wiretaps against a suspected conspiracy is common against terrorists, racketeers and drug smugglers. But with the government's successes against convicted hedge fund founder Raj Rajaratnam and Gupta now both affirmed, the battle between white...
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