The Justice Department continued its string of victories in insider trading cases after the United States Court of Appeals for the Second Circuit in Manhattan affirmed the insider trading convictions of Raj Rajaratnam.
The decision validates the government’s use of wiretaps as a means to investigate this type of crime. In turn, prosecutors will have a strong impetus to employ this tool in other white-collar crime investigations.
via More Use of Wiretaps Is Likely to Come in Trading Cases – DealBook