best casino bonuses australian online casino au dollars trusted online gambling internet casino download old information online us casinos las vegas best online casino craps flash casino games mac play online vegas

Get Our Newsletter



Links

Columnists



Site Search


Entire (RSS)
Comments (RSS)

Archive Calendar

January 2014
S M T W T F S
« Dec   Feb »
 1234
567891011
12131415161718
19202122232425
262728293031  

Guides

How to Become a Bounty Hunter



FBI Investigates Possible Front Running of Fannie Mae, Freddie Mac in Trader Scam

Steve Neavling
ticklethewire.com

The FBI is investigating whether Wall Street conspired to rig rates on Fannie Mae and Freddie Mac to manipulate the key derivatives market, Reuters reports.

Agents said the traders swapped messages through hand signals and ring tones to manipulate large orders by Fannie Mae and Freddie Mac. 

Reuters wrote that a former high-level employee said the scam raked in $50 million to $100 million in profits.

The identities of the traders under investigation were not revealed.

 


Print This Post Print This Post

Write a comment

You need to login to post comments!