It was another busy year for federal authorities pursuing insider trading cases. Seventy-five people have now been charged in the last three years, and investigators say that success comes largely from their decision to attack insider trading the way they take down the Mafia and drug cartels — with tools such as wiretaps, informants and cooperators.
The story behind how the government decided to go after insider trading as hard as it goes after the mob is really just a story about dead ends.
“It was a product of sitting around the table and saying, ‘OK, nothing else has worked. Where do we go now?’” said FBI Agent David Chaves, sitting in the FBI’s New York field office in downtown Manhattan.
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