Wiretaps Not Just Used Against the Mob

Wiretaps were primarily used against mafia crime families -- one notable example is John Gotti's takedown in the early 1990s -- and drug dealers. This crime-fighting tool now has become a staple against Wall Street crooks, reports Advanced Trading in an article titled Inside Traders Probably Don't Plan Their Crimes Over the Phone Anymore.

"The Financial Times points out that U.S. prosecutors have become aggressive in their use of wiretaps to pinpoint insider trading. As part of an insider trading investigation two years ago, federal authorities intercepted the phone calls of more than 100 investment fund clients with the Primary Global Research expert network."

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