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Galleon arrests

November 5, 2009

Federal authorities have arrested eight additional people in connection with the Galleon insider trading scandal. And later today prosecutors intend to announce the filing of charges against 14 new defendants–including the eight arrested today,  people familar with the case say.

In all, this means there will be 20 defendants in this fast-growing case.

On Wednesday, I wrote a column about how the Galleon insider trading case is like a jigsaw puzzle with several pieces left to be snapped into place by federal authorities. Will the latest developments reveal just how far the outer boundaries of the Galleon puzzle extend?

Stay tuned.

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