FBI raids currency traders' offices (Shhhhhh!!!)

[varun]

Why is the media trying to cover up this scandal? I had to dig deep to find out this on main news-sites:


http://money.cnn.com/2003/11/19/news/companies/traders_arrested/index.htm

Agents arrest 47 Wall St. brokers in connection with a possible currency scam.
November 19, 2003: 10:11 AM EST



NEW YORK (CNN/Money) - Federal Bureau of Investigation agents arrested 47 foreign-exchange brokers late Tuesday in connection with an 18-month undercover probe into securities and currency fraud.

The FBI swarmed on New York City's Two World Financial Center shortly after 3 p.m. ET Tuesday and took away the traders in handcuffs, people on the scene told CNNfn. The building is mainly occupied by Wall Street brokerage Merrill Lynch, but Merrill Lynch was not home to the arrested brokers.

FreeStar Capital was one firm where traders were arrested, according to published reports. But a source involved with the currency trading investigation confirmed to CNNfn that several firms are involved.

"It's currency fraud, securities fraud," an agent at the scene of the arrests told Reuters. "It's been a long investigation." The agent asked not to be identified...


http://www.msnbc.com/news/995485.asp?0dm=C14KB

Wall Street firms probed for alleged foreign currency crimes


ASSOCIATED PRESS

NEW YORK, Nov. 19 — Several dozen Wall Street traders suspected of foreign currency exchange crimes have been arrested in a crackdown on a largely unregulated financial market, sources said...

[Socialist Christian]

1. i think its a dupe <nt>

[Rose Siding]

2. There was a little last night but this has more detail

Here's the other link

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=226984

[cosmicdot]

3. gosh, darn ... this must not be working ...

the backdrop ... the frontdrip ... both ...




corruption? what corruption?

all this rot just adds to the putrefaction of our infrastructure ... which people and sheeple tread on daily ... some not realizing the safety of the floorboards ...

:kick:

[JNelson6563]

4. big press coference right now on CNBC

They're just making the indictments public now. Arrests made last night. 18 months they worked on it. Some 40+ individuals involved I think.

It's wide open now.

Julie

[alfredo]

5. Just in time for bush's push to privatize social security

That's probably why this story will stay below the fold.