When will it stop  >:D 

WASHINGTON — The FBI raided three hedge funds Monday in what one of the targets called a wide-ranging probe of insider trading in the financial industry.

Bureau employees searched the New York offices of Level Global Investors LP, and the Stamford, Conn. headquarters of Diamondback Capital Management LLC, a law enforcement official said. The official spoke on condition of anonymity because he was not authorized to discuss an ongoing case.

Another FBI official said the agency also searched a third site, at 30 Federal St. in Boston. Hedge fund Loch Capital Management LLC has its headquarters at that address.

The FBI said in a statement that it had executed search warrants in the three states "in an ongoing investigation." Agency spokesmen said they could not comment further because the court documents are under seal.

A spokesman for Level Global acknowledged the raid took place Monday.

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Quote from: walkstall on November 22, 2010, 08:28:49 PM
When will it stop  >:D 

WASHINGTON — The FBI raided three hedge funds Monday in what one of the targets called a wide-ranging probe of insider trading in the financial industry.

Bureau employees searched the New York offices of Level Global Investors LP, and the Stamford, Conn. headquarters of Diamondback Capital Management LLC, a law enforcement official said. The official spoke on condition of anonymity because he was not authorized to discuss an ongoing case.

Another FBI official said the agency also searched a third site, at 30 Federal St. in Boston. Hedge fund Loch Capital Management LLC has its headquarters at that address.

The FBI said in a statement that it had executed search warrants in the three states "in an ongoing investigation." Agency spokesmen said they could not comment further because the court documents are under seal.

A spokesman for Level Global acknowledged the raid took place Monday.

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As I've stated many times in here, it's the innocent, naive investors who are getting SCREWED by these Wall Street carpetbaggers and thugs.  I wonder how many working Americans are going to end up losing EVERYTHING this time around, because of these three hedge fund managers.  I also wonder what they are "hedging".  Mortagages?  Business loans?  American companies?  Overseas companies?