{"id":20765,"date":"2011-02-22T08:17:20","date_gmt":"2011-02-22T13:17:20","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=20765"},"modified":"2011-02-22T09:49:44","modified_gmt":"2011-02-22T14:49:44","slug":"private-spousal-communications-used-in-galleon-hedge-fund-trial","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2011\/private-spousal-communications-used-in-galleon-hedge-fund-trial.html","title":{"rendered":"Galleon Hedge Fund Trial: Wiretapping Spousal Communications"},"content":{"rendered":"<p>New York (HedgeCo.net) &#8211; A judge has asked to see a transcript of 18 spousal conversations in the case against\u00a0Craig Drimal,\u00a0a trader for the Galleon Group of hedge funds, the Las Vegas Sun reports.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/02\/wiretaps-gb-427mh0217111-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-20772\" title=\"wiretaps\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/02\/wiretaps-gb-427mh0217111-1-300x179.jpg\" alt=\"\" width=\"300\" height=\"179\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/02\/wiretaps-gb-427mh0217111-1-300x179.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/02\/wiretaps-gb-427mh0217111-1.jpg 427w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Federal agents were eavesdropping on the couple, intercepting 164 calls between Drimal and his wife during two months in late 2007 and early 2008.\u00a0The hedge fund trader&#8217;s defense lawyer complained the calls were of an &#8220;intensely personal nature,&#8221; and is\u00a0asking the judge to leave the recordings out of the trial.<\/p>\n<p>&#8220;In court documents that were recently unsealed with redactions, many of the intercepted spousal calls were of a profoundly personal nature, and yet agents continued to listen to them far in excess of the time necessary to determine that they were spousal calls.&#8221; The defense said.<\/p>\n<p>The defense has also accused the government of having a &#8220;cavalier disregard for marital privacy, (the agents) intercepted 330 calls between Drimal and family members, including his three children, his siblings and his in-laws.&#8221;\u00a0The judge said it was unlikely he would exclude the wiretap evidence against Drimal from the trial.<\/p>\n<p>Drimal, who has pleaded not guilty, is scheduled to go on trial in May on suspicion of securities fraud charges.<\/p>\n<p>In order to curtail federal wiretapping, hedge fund managers have begun hiring security firms &#8220;to comb their offices and homes for listening devices.&#8221; Bloomberg reported today.<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; A judge has asked to see a transcript of 18 spousal conversations in the case against\u00a0Craig Drimal,\u00a0a trader for the Galleon Group of hedge funds, the Las Vegas Sun reports. Federal agents were eavesdropping on the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[919,3],"tags":[],"class_list":["post-20765","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-research","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/20765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=20765"}],"version-history":[{"count":11,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/20765\/revisions"}],"predecessor-version":[{"id":20769,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/20765\/revisions\/20769"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=20765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=20765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=20765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}