Monday, August 13, 2012

‘Flipper’, ‘Napoleon’: Job Churn Hits Insider Probe



The federal agent renowned for "flipping" insider traders is gone. And the prosecutor nicknamed "Napoleon" at the trial of hedge-fund manager Raj Rajaratnam is looking for a new job as a criminal-defense lawyer, according to a WSJ report.

Three years into the U.S. government's crackdown on insider trading, some of the people most responsible for winning convictions of 66 targets, including Mr. Rajaratnam and former Goldman Sachs Group Inc. director Rajat Gupta, are moving on.

The exits include two lead agents at the Federal Bureau of Investigation and several federal prosecutors who used secretly recorded wiretaps, informants and other aggressive methods as part of the ….


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