FBI Sting Nets 48 Arrests on Wall Street

Yahoo News via Reuters ^ | 11/18/03 | By Hugh Bronstein and Greg Cresci

[Wolfstar]

Hope this is not a duplicate post. Did a search on the title used by Yahoo and did not find it.

[Cicero]

Huh. I just walked through 2 World Financial Center a couple of days ago on my to a walk along the river. Glad I was working today.

I wonder where these guys work?

[NYC GOP Chick]

I wonder if this had anything to do with the *loud* helicopter noises I heard this afternoon...

[SamAdams76]

Some of the men covered their heads with overcoats while others bowed their heads to hide from television cameras and photographers.

Why do people do this? It looks so pathetic when grown men cower under jackets and overcoats. And it's pointless too. After all, their names are printed and everybody who knows them will know who they are anyway. Don't they have any self-pride? If I'm ever arrested for anything, I'll do the perp walk with my head held high. Be a man about it for crying out loud. Have some pride, some self-respect.

[Bogey78O]

Really.

Looking proud and confident helps in the press when trying to defend yourself.

[Chad Fairbanks]

Agreed...

[Senator Pardek]

I wonder if this had anything to do with the *loud* helicopter noises I heard this afternoon...

"Over, Lieutenant - we have picked up the bond trader reaching for his cell phone - Guns Ready!"

[txhurl]

hmmm

[mylife]

Don't they have any self-pride?

Apparently not Sam. Maybe they are showing their Deep Guilt and Shame by cowering. If they are guilty I hope they get Hammered!

I wonder if any of these forieners are inside working to fund our enemies.

[mylife]

foriegn exchange...OOps nevermind! LOL

[NYC GOP Chick]

Well, the helicopter traffic above seemed louder and more than usual... :)

[mylife]

foriegn exchange...OOps nevermind! LOL


Well that tears it! I'll never talk out of my backside again! LOL

[PoisedWoman]

"It's currency fraud, securities fraud," said one agent at the scene of the arrests. "It's been a long investigation. The arrests have been ongoing today."

Not the first case of evildoing in the foreign exchange industry. Regulators should have been watching these firms like hawks, especially since 9/11.

In the 80s, a huge exchange company that had kiosks in every airport in the world folded overnight, leaving investors holding the bag (including a friend of mine). What was the name of that outfit? It was a synonym for exchanging money.

[tubebender]

"It's currency fraud, securities fraud," said one agent at the scene of the arrests.

Oh please let this be directly linked to George Soros...

[michigander]

NBC reported the defendants scammed retail investors into thinking they were buying multimillion-dollar foreign exchange trades when it is not possible for those types of investors to participate in such deals.

"[N]ot possible"? They mean it was "illegal" or is this one of those thingys where you can only be held accountable if you "knew" it was illegal and just did it anyway??

[SamAdams76]

It worked for John Gotti...at least the first two times.

[NRA2BFree]

These days it's hard to know if you're going to get robbed on the street by small time hooded criminals or in an office building by professional criminals in suits.

[sarasmom]

Nice to see a plan come together!
A thief is a thief.
Wear a suit, or wear gang colors.Same mindset, different education levels.
Past time for white collar crime to do serious time.

[The Duke]

And let me guess...none of those led out in cuffs was an active political donor(?)