Razzano Expects More Arrests on Galleon Insider Trading: Video

Nov. 5 (Bloomberg) -- Frank Razzano, a partner at Pepper Hamilton LLC, talks with Bloomberg's Mat...  More »

Nov. 5 (Bloomberg) -- Frank Razzano, a partner at Pepper Hamilton LLC, talks with Bloomberg's Matt Miller and Carol Massar about charges against 14 people in an alleged insider trading scheme tied to Galleon Group. Zvi Goffer, a former Galleon employee, and Craig Drimal, who worked at the Manhattan firm's offices, were arrested today, the FBI said. Goffer, the alleged ringleader of the scheme and founder of Incremental Capital LLC, paid his tipsters for information on mergers and acquisitions, and gave them pre-paid mobile phones to avoid detection, the government said. (Source: Bloomberg)  « Less