Wiretaps Revolutionize White-Collar Crime Prosecution
Wiretaps revolutionize white-collar crime prosecution
After a long history of success in the investigation of drug crimes, wiretapping has recently gained momentum as a tool for the prosecution of insider trading and other white-collar crimes.
In what has been widely regarded as a turning point for white-collar criminal prosecution, Raj Rajaratnam, co-founder of the hedge fund management firm Galleon Group, was convicted in May 2011 of insider trading and conspiracy charges supported largely by evidence obtained from wiretaps. Experts believe that the Galleon case ...