Feds raid 3 hedge funds linked to trading probe

[Geee]

Breitbart:




WASHINGTON (AP) - The Federal Bureau of Investigation has raided three hedge funds in what one of the targets is calling 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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Hmmm. Hedge Funds. Wonder if they are Soros competitors???

[Argyle58]

Although this investigation was started by the Bush administration, I have no doubt that Zero and company will claim it as an example of how their financial "reform" bill works.