And for all those little piggies, life is getting worse

Huge UK hedge fund busted in insider trading raid. This could be at least as big as the Galleon case here.

The fallout of this case will be severe for hedge funds both in the UK and across the Atlantic.

Ex-IBM exec looks ready to plead guilty in Galleon. Robert Moffat was an SVP at IMB and a possible future CEO. This is, I think, the 11th guilty plea so far in the Galleon case. The higher-ups here must be getting real nervous indeed wondering who will inform on them.

Madoff programmers indicted on charges they helped in the fraud.

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