Who REALLY Favors Less Government Interference In Our Lives???

[Mr. Shaman]

"The FBI has raided two hedge funds run by former managers of Steven Cohen's SAC Capital Advisors in connection with a widening probe into insider trading, the Wall Street Journal said on Monday.

The reported raids come as federal prosecutors are preparing to unveil a series of new insider trading cases against hedge fund traders, consultants and Wall Street bankers, several lawyers familiar with the investigation said. The charges could be filed as soon as this year, these people said.

These lawyers said investigators are likely to file several cases targeting the $1.7 trillion hedge fund industry rather than a single large case. The lawyers asked not to be named because the investigations are ongoing.

Any charges would be on top of those filed in an existing case centered on the hedge fund Galleon Group and its founder Raj Rajaratnam.

Twenty-three former hedge fund managers, lawyers, traders and others have faced criminal or civil charges in that case, which prosecutors have called the largest hedge fund insider trading case ever. Fourteen have pleaded guilty to criminal charges, eight have pleaded not guilty, and one is at large."

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