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FBI Mole At Level Global?
Fox Business' Charlie Gasparino tells us of another curious development in the insider trading affair. According to the former CNBC staffer, the FBI now not only utilizes such mob tactics as bugged phones and wearing wires, but is now resorting to actual moles within presumably innocent organizations such as hedge funds. And it is no surprise that the federal task force continues to chisel away at the SAC diaspora, in this case David Ganek's Level Global. After all the start prize is and has always been (allegedly) the prominent resident of 30 Crown Lane in Greenwich, CT.
From Fox Business:
On how the regulators are getting information on Level Global:
“Regulatory sources tell the FOX Business Network there is an FBI mole working at the firm as well.”
On Level Global clients asking for their money back:
“FOX Business Network has learned they are fielding massive redemption requests and Cornell University is asking for its money back. Level Global is scrambling to prevent these redemptions from occurring. Level Global did comment that actual redemptions so far is less than 10%.”
On whether hedge fund Level Global is a target of the insider trading probe:
“Level Global has not been charged. It is under investigation like a lot of other places. But in the court of public opinion, they have been charged. A lot of eyes are on Level Global. Just today when you have the four arrests there was an expert witness arrested who dealt with Level Global.”
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reminded me of the scene from Austin Powers...
http://www.youtube.com/watch?v=rc5G04nJecI
Of course they tap everybody.
I wonder how many consecutive winning days the "trading desks" at the FBI have had?
HA! good one....how 'bout NSA?
Naturally, the NSA uses more leverage.
They leak information selectively to the other intelligence agencies for a brief pump before they liquidate their holdings.
Nahhh, couldn't be. Right? Anybody?
Apostate, wow, nice point!
I wonder why they don't have moles at the TBTFs, oh yea they work for the government.
No, the government works for them.
Yes you are right.
Rick, it's the other way around. The government works for the TBTF's
Tip of the icebergS (capital S)
I have a mole on my ass but he ain't talkin'
You can tell him anything, you just have to whisper in his ear so the FBI bugs don't pick up the hot tips.
you should have that thing looked at
I'd be more worried about a Level Global mole in the FBI.
Anyone else get the feeling that there are more moles lurking around in forums such as this?
you don't need to be a mole to read or comment on this public blog. This place is like the wall behind the urinals at grand central station.
I envision ZH to be more like this:
http://www.bravadousa.com/cbgb/pano/pano.html
CBGB's head
Would Bythe start singing if she had to?
Cornell deserves to lose it all. Stupid (university) money never learns.
You could never use an FBI mole in a hedge fund because he'd make so much more money than the regular traders, he'd be unmasked immediately.
The jack booted thugs are just getting rid of the squid's competition.
The "mole" is busy getting quad shots of espresso and arranging tee time.
There are tons of informants and investigations that deliver the goods and it goes no where. Only to have the local US attorney put the case around for years.
Have you seen any perp walks in the last few years?
You are living in a world where Interpol performs a global man hunt for a broken condom user, yet trillions of dollars go missing and you can't even get it printed in the Canadian Jewish News.
Have you seen any perp walks in the last few years?<<<<<
Not one.
ROTFLMAO!!! There's no Jew's in Canada...
Could we go after CNBC instead of Wikileaks? They outed the existence of moles and have potentially put them in danger.
It's okay when faux snews does it.
Perhaps the alphabet soup agency is grand standing for a new computer system to keep better track of its moles.
Come on now. You should know that the CIA and any other intel agency has spies in every major organization of consequence in the world. Live with it.