Hedge fund Information

"Call of Duty."On Thursday night, FBI Special Agent David Chaves provided a presentation on insider trading at an event managed by the New York Hedge Fund Round Table at the Penn Club of brand new York.

Since 2009, the government has-been breaking upon insider trading within the hedge investment industry.

There has been dozens of arrests and convictions of hedge fund supervisors and traders ever since then.

During Chaves' talk, he talked about a number of the methods the FBI discovered hedge fund dealers and experts were sharing material, nonpublic information.

As expected, some were using burner mobile phones they bought at merchants like Walmart and Kmart. Other individuals, the FBI found out, were using social support systems to send cryptic messages to signal when a trade was on.

Probably the most innovative method, however, had been the use of video-game boards.

"Things like PlayStation and Xbox, brilliance right here — get on online, play anyone else worldwide in a game like 'Call of Duty' and also enter an exclusive bunker but a discussion and you know what — spread product, nonpublic information, " Chaves stated.